Swiss National Bank acquired a new position in Jagged Peak Energy Inc. (NYSE:JAG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 53,200 shares of the mining company’s stock, valued at approximately $710,000.

A number of other institutional investors have also made changes to their positions in the stock. Boston Partners lifted its stake in Jagged Peak Energy by 6.6% in the 2nd quarter. Boston Partners now owns 6,136,033 shares of the mining company’s stock worth $81,916,000 after acquiring an additional 378,822 shares in the last quarter. Vanguard Group Inc. purchased a new stake in Jagged Peak Energy in the 1st quarter worth about $31,355,000. Goldman Sachs Group Inc. purchased a new stake in Jagged Peak Energy in the 1st quarter worth about $27,203,000. Teachers Advisors LLC purchased a new stake in Jagged Peak Energy in the 1st quarter worth about $13,363,000. Finally, JPMorgan Chase & Co. purchased a new stake in Jagged Peak Energy in the 1st quarter worth about $11,582,000. 17.10% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Scotiabank set a $13.00 price objective on Jagged Peak Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research raised Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets set a $18.00 price objective on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Saturday, August 12th. Seaport Global Securities assumed coverage on Jagged Peak Energy in a research note on Thursday, September 28th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Imperial Capital began coverage on Jagged Peak Energy in a research note on Thursday, October 12th. They issued an “outperform” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Jagged Peak Energy has an average rating of “Buy” and a consensus target price of $17.61.

TRADEMARK VIOLATION WARNING: This report was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://theolympiareport.com/2017/10/22/swiss-national-bank-invests-710000-in-jagged-peak-energy-inc-jag-stock.html.

Jagged Peak Energy Inc. (NYSE JAG) opened at 13.68 on Friday. The stock’s 50 day moving average price is $13.25 and its 200-day moving average price is $12.93. Jagged Peak Energy Inc. has a one year low of $10.96 and a one year high of $15.19. The firm’s market cap is $2.91 billion.

Jagged Peak Energy (NYSE:JAG) last issued its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $53.10 million during the quarter, compared to the consensus estimate of $55.12 million. The business’s revenue for the quarter was up 175.1% compared to the same quarter last year. Analysts forecast that Jagged Peak Energy Inc. will post $0.08 earnings per share for the current year.

Jagged Peak Energy Profile

Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.

Want to see what other hedge funds are holding JAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jagged Peak Energy Inc. (NYSE:JAG).

Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

Receive News & Ratings for Jagged Peak Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.