Jones Energy Now Covered by Jefferies Group (JONE)
Equities researchers at Jefferies Group initiated coverage on shares of Jones Energy (NASDAQ:JONE) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “Jones Energy offers investors an attractive value name with good growth visibility and a strong balance sheet. The company is poised to take advantage of acquisition opportunities in the Mid-Continent region with a strong operational track record, balance sheet capacity, and a capex program within cash flow.”
Separately, analysts at SunTrust initiated coverage on shares of Jones Energy (NASDAQ:JONE) in a research note to investors on Wednesday. They set a “buy” rating on the stock.
Jones Energy (NASDAQ:JONE) traded up 1.00% on Thursday, hitting $15.20. The stock had a trading volume of 50,399 shares. Jones Energy has a 1-year low of $13.60 and a 1-year high of $15.10. The stock’s 50-day moving average is $14.21 and its 200-day moving average is $14.21. The company’s market cap is $190.0 million.
Jones Energy, Inc is an independent oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.
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