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Jones Energy (NASDAQ:JONE)’s share price hit a new 52-week high during trading on Monday , AR Network reports. The stock traded as high as $20.39 and last traded at $20.15, with a volume of 89,487 shares changing hands. The stock had previously closed at $20.19.

A number of analysts have recently weighed in on JONE shares. Analysts at Brean Capital initiated coverage on shares of Jones Energy in a research note on Monday, June 9th. They set a “buy” rating and a $23.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Jones Energy from $22.00 to $23.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Jones Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $15.40 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $19.57.

The stock has a 50-day moving average of $17.89 and a 200-day moving average of $15.88. The company has a market cap of $256.8 million and a P/E ratio of 234.77.

Jones Energy (NASDAQ:JONE) last announced its earnings results on Wednesday, May 7th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.08. Analysts expect that Jones Energy will post $1.16 EPS for the current fiscal year.

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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