Jones Energy, Inc. (JONE) Receives Consensus Recommendation of “Hold” from Analysts
Jones Energy, Inc. (NYSE:JONE) has received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.80.
A number of research firms have recently commented on JONE. Seaport Global Securities downgraded Jones Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $1.50 in a report on Wednesday, June 21st. Zacks Investment Research raised Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Tuesday, July 18th. J P Morgan Chase & Co cut Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a research note on Thursday, July 20th. Finally, ValuEngine upgraded Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of Jones Energy during the second quarter worth about $104,000. Bank of America Corp DE boosted its position in shares of Jones Energy by 382.6% in the 1st quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 32,554 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Jones Energy by 11.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 4,170 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Jones Energy by 4.3% in 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 purchasing an additional 1,735 shares during the period. Finally, Q Global Advisors LLC acquired a new stake in shares of Jones Energy in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
Jones Energy (NYSE:JONE) traded down 10.34% during mid-day trading on Wednesday, reaching $1.56. 1,057,758 shares of the company were exchanged. The stock has a 50-day moving average of $1.30 and a 200 day moving average of $1.74. The firm’s market capitalization is $113.50 million. Jones Energy has a 1-year low of $0.85 and a 1-year high of $5.34.
Jones Energy (NYSE:JONE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.30. The company had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. Jones Energy’s revenue for the quarter was up 67.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) EPS. Equities research analysts forecast that Jones Energy will post ($0.21) earnings per share for the current year.
Jones Energy Company Profile
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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