UPDATE: KeyBanc Upgrades Jagged Peak Energy (JAG) to Overweight

September 16, 2019 3:57 AM EDT
Get Alerts JAG Hot Sheet
Price: $8.23 --0%

Rating Summary:
    11 Buy, 15 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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(Updated - September 16, 2019 4:54 AM EDT)

(updated to add analyst comment)

KeyBanc analyst Leo Mariani upgraded Jagged Peak Energy (NYSE: JAG) from Sector Weight to Overweight with a price target of $10.00.

The analyst comments "We expect JAG to have an outsized benefit from the move higher in oil prices as it is one of the oiliest E&Ps with oil cuts of 76% and 75% in 2H19 and 2020, respectively. Additionally, JAG has typically been high beta to oil moves and is one of the most heavily shorted E&Ps with short interest at 32% of its float. Lastly, JAG is down around 18% YTD (XOP down 12%), which puts the stock in a decent position for a rebound."

For an analyst ratings summary and ratings history on Jagged Peak Energy click here. For more ratings news on Jagged Peak Energy click here.

Shares of Jagged Peak Energy closed at $7.48 yesterday.

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