Jagged Peak (JAG) Jumps: Stock Rises 11%
Jagged Peak Energy Inc. JAG was a big mover last session, as the company saw its shares rise 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.67 –$12.58 in the past one-month time frame, witnessed a sharp increase on Friday.
The company has seen five negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Jagged Peak currently has a Zacks Rank #3 (Hold) while its Earnings ESPis negative.
Jagged Peak Energy Inc. Price and Consensus
Jagged Peak Energy Inc. Price and Consensus | Jagged Peak Energy Inc. Quote
Investors interested in the Oil and Gas - Exploration and Production - United States industry may consider Continental Resources, Inc. CLR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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