Jones Energy Inc (JONE) Given Consensus Rating of “Buy” by Analysts
Jones Energy Inc (NYSE:JONE) has been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $3.46.
A number of brokerages have recently weighed in on JONE. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price objective for the company. in a report on Thursday. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Wednesday, April 19th. Barclays PLC restated an “underweight” rating and issued a $2.00 price objective (down from $3.00) on shares of Jones Energy in a report on Saturday, April 22nd. Seaport Global Securities lowered shares of Jones Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $5.00 to $1.50 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $5.00 price objective on shares of Jones Energy in a report on Monday, April 17th.
Shares of Jones Energy (JONE) traded down 3.45% during trading on Friday, reaching $1.40. 588,051 shares of the company’s stock traded hands. The company’s market cap is $91.75 million. The company’s 50-day moving average is $1.63 and its 200 day moving average is $2.77. Jones Energy has a 52-week low of $1.30 and a 52-week high of $4.91.
In related news, President Mike Mcconnell sold 38,927 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1.95, for a total transaction of $75,907.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Niccum sold 40,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1.91, for a total transaction of $76,400.00. The disclosure for this sale can be found here. Corporate insiders own 37.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Jones Energy by 382.6% in the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 32,554 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 4,170 shares in the last quarter. Highbridge Capital Management LLC raised its stake in Jones Energy by 4.3% in the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 1,735 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Jones Energy during the first quarter worth approximately $205,000. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Jones Energy during the fourth quarter worth approximately $237,000.
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About Jones Energy
Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.
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