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Shares of Jones Energy (NASDAQ:JONE) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Analyst RN reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.31.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 14th. They now have a $17.00 price target on the stock, down previously from $18.00. Separately, analysts at Barclays raised their price target on shares of Jones Energy from $22.00 to $23.00 in a research note on Monday, August 11th. They now have an “overweight” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Jones Energy from $23.00 to $25.00 in a research note on Friday, August 8th.

Jones Energy (NASDAQ:JONE) opened at 18.72 on Wednesday. Jones Energy has a 52-week low of $13.05 and a 52-week high of $20.79. The stock has a 50-day moving average of $18.51 and a 200-day moving average of $17.0. The company’s market cap is $234.5 million.

Jones Energy (NASDAQ:JONE) last announced its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.03. The company had revenue of $106.39 million for the quarter, compared to the consensus estimate of $93.50 million. On average, analysts predict that Jones Energy will post $1.26 earnings per share 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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