#3 - Jagged Peak Energy Inc. (NYSE:JAG)
Jagged Peak Energy Inc. (NYSE: JAG) - The energy sector is notoriously volatile but one company poised for massive growth in 2019 is Jagged Peak Energy. The Denver-based exploration and production (E&P) company have an expected 5-year growth rate of 76.4%, with a 61.5% growth rate in 2019. Most of its revenue comes from the oil and gas found in the southern Delaware basin in Texas. One of the reasons investors like JAG is that while other E&G companies saw a decline in revenue during the tough market of 2015 and 2016, JAG actually saw their revenues double during those years. And if that wasn't enough they tripled their revenue in 2017.
Currently, the company is forecasting 2018 profits to come in at 27 cents per share. That number, however, is forecast to rise to 76 cents per share in 2019 and rising above a dollar per share in 2020. The stock does not have a long history, and with the stock trading at just over $12 per share, it’s down about 10% from its initial public offering (IPO).
About Jagged Peak Energy
Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.
Read More - Current Price
- $8.23
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
