Jones Energy, Inc. (NYSE:JONE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $2.00 price objective on the oil and gas producer’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 25.79% from the stock’s current price.

According to Zacks, “Jones Energy, Inc. is an independent oil and gas company. It engages in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. Jones Energy, Inc. is based in Austin, Texas. “

A number of other research firms also recently weighed in on JONE. ValuEngine downgraded Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. 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 report 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 stock from $5.00 to $1.50 in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Jones Energy presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Jones Energy (NYSE JONE) traded down 8.62% during mid-day trading on Wednesday, hitting $1.59. 1,272,891 shares of the company traded hands. Jones Energy has a one year low of $0.85 and a one year high of $5.34. The company’s market capitalization is $115.68 million. The company’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.74.

Jones Energy (NYSE:JONE) last issued its quarterly earnings data 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. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The business had revenue of $48.60 million during the quarter, compared to analyst estimates of $53.93 million. During the same period in the previous year, the firm earned ($0.09) EPS. Jones Energy’s quarterly revenue was up 67.0% compared to the same quarter last year. On average, analysts anticipate that Jones Energy will post ($0.21) earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new stake in shares of Jones Energy in the 2nd quarter valued at approximately $104,000. Bank of America Corp DE boosted its holdings 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 buying an additional 32,554 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings 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 buying an additional 4,170 shares during the last quarter. Highbridge Capital Management LLC boosted its holdings 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 buying an additional 1,735 shares during the last quarter. Finally, Q Global Advisors LLC acquired a new stake in shares of Jones Energy in the 2nd quarter valued at approximately $146,000. 59.34% of the stock is owned by hedge funds and other institutional investors.

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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