Shares of Jones Energy Inc (NYSE:JONE) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.80.

Several analysts recently issued reports on JONE shares. Zacks Investment Research upgraded Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co downgraded Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target for the company. in a research note on Thursday, July 20th. Finally, Seaport Global Securities downgraded Jones Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $1.50 in a research note on Wednesday, June 21st.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blackstone Group L.P. boosted its stake in Jones Energy by 8.7% in the 1st quarter. Blackstone Group L.P. now owns 863,034 shares of the oil and gas producer’s stock valued at $2,201,000 after purchasing an additional 69,383 shares during the period. Highbridge Capital Management LLC lifted its position in shares of Jones Energy by 4.3% during the 1st quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 1,735 shares during the period. Parkwood LLC lifted its position in shares of Jones Energy by 15.3% during the 2nd quarter. Parkwood LLC now owns 172,800 shares of the oil and gas producer’s stock valued at $276,000 after acquiring an additional 22,950 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Jones Energy during the 1st quarter valued at $945,000. Finally, UBS Oconnor LLC lifted its position in shares of Jones Energy by 48.1% during the 1st quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock valued at $4,058,000 after acquiring an additional 517,028 shares during the period.

Shares of Jones Energy (NYSE:JONE) traded down 5.50% on Friday, reaching $1.03. The company had a trading volume of 232,813 shares. Jones Energy has a 52-week low of $0.85 and a 52-week high of $4.91. The firm’s market capitalization is $74.94 million. The company’s 50-day moving average price is $1.20 and its 200-day moving average price is $1.95.

Jones Energy (NYSE:JONE) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.30. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a negative return on equity of 92.01% and a negative net margin of 298.88%. The firm’s quarterly revenue was up 67.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) EPS. On average, analysts predict that Jones Energy will post ($0.21) earnings per share for the current year.

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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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