Jagged Peak Energy Inc. (JAG) Analysts See $0.11 EPS; Commercial Metals Co (CMC)’s Sentiment Is 1.44

April 28, 2018 - By Vivian Currie

Commercial Metals Company (NYSE:CMC) Logo

Commercial Metals Co (CMC) investors sentiment increased to 1.44 in Q4 2017. It’s up 0.46, from 0.98 in 2017Q3. The ratio has improved, as 108 funds opened new and increased holdings, while 75 cut down and sold their positions in Commercial Metals Co. The funds in our database now hold: 99.73 million shares, down from 100.74 million shares in 2017Q3. Also, the number of funds holding Commercial Metals Co in top ten holdings decreased from 2 to 1 for a decrease of 1. Sold All: 14 Reduced: 61 Increased: 67 New Position: 41.

Analysts expect Jagged Peak Energy Inc. (NYSE:JAG) to report $0.11 EPS on May, 10.They anticipate $0.06 EPS change or 120.00% from last quarter’s $0.05 EPS. JAG’s profit would be $23.45M giving it 31.61 P/E if the $0.11 EPS is correct. After having $0.09 EPS previously, Jagged Peak Energy Inc.’s analysts see 22.22% EPS growth. The stock decreased 1.97% or $0.28 during the last trading session, reaching $13.91. About 716,866 shares traded. Jagged Peak Energy Inc. (NYSE:JAG) has risen 4.39% since April 28, 2017 and is uptrending. It has underperformed by 7.16% the S&P500.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.48 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 45.41 P/E ratio. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

The stock decreased 2.89% or $0.63 during the last trading session, reaching $21.16. About 1.36 million shares traded. Commercial Metals Company (CMC) has risen 12.07% since April 28, 2017 and is uptrending. It has outperformed by 0.52% the S&P500.

Ratings analysis reveals 33% of Commercial Metals’s analysts are positive. Out of 3 Wall Street analysts rating Commercial Metals, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. CMC was included in 3 notes of analysts from August 22, 2016. The stock of Commercial Metals Company (NYSE:CMC) has “Neutral” rating given on Monday, October 31 by Macquarie Research. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Citigroup on Monday, August 22. The stock has “Buy” rating by Jefferies on Wednesday, November 9.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $1.54 million activity.

Analysts await Commercial Metals Company (NYSE:CMC) to report earnings on June, 28. They expect $0.43 EPS, up 26.47% or $0.09 from last year’s $0.34 per share. CMC’s profit will be $50.32 million for 12.30 P/E if the $0.43 EPS becomes a reality. After $0.26 actual EPS reported by Commercial Metals Company for the previous quarter, Wall Street now forecasts 65.38% EPS growth.

Highline Capital Management L.P. holds 3.02% of its portfolio in Commercial Metals Company for 4.28 million shares. Hodges Capital Management Inc. owns 1.05 million shares or 1.64% of their US portfolio. Moreover, Deprince Race & Zollo Inc has 1.56% invested in the company for 3.29 million shares. The Alabama-based Mesirow Financial Investment Management has invested 1.26% in the stock. Fuller & Thaler Asset Management Inc., a California-based fund reported 3.80 million shares.

Jagged Peak Energy Inc., an independent oil and natural gas 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. The company has market cap of $2.97 billion. As of December 31, 2016, it held a 92% average working interest in approximately 66,393 net acres; and had 37,695 thousand barrel of oil equivalent of estimated net proved reserves, as well as owned a 98% average working interest in 49 net productive wells. It currently has negative earnings.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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