Jones Energy Lowered to Neutral at Zacks (JONE)
Jones Energy (NASDAQ:JONE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $21.20 price target on the stock. Zacks‘s price objective would suggest a potential upside of 13.98% from the company’s current price.
Jones Energy (NASDAQ:JONE) traded up 0.22% on Wednesday, hitting $18.64. 26,462 shares of the company’s stock traded hands. 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 $233.5 million.
Jones Energy (NASDAQ:JONE) last issued its quarterly earnings data 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.
A number of other analysts have also recently weighed in on JONE. 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.31.
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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