Jones Energy Inc (NYSE:JONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

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. “

Several other research analysts also recently weighed in on JONE. ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Seaport Global Securities downgraded shares of Jones Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $1.50 in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.00.

Shares of Jones Energy (NYSE:JONE) traded up 5.03% during midday trading on Thursday, hitting $1.67. The company had a trading volume of 848,498 shares. The stock has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.74. The firm’s market capitalization is $121.50 million. Jones Energy has a 1-year low of $0.85 and a 1-year high of $5.34.

Jones Energy (NYSE:JONE) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the 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 negative net margin of 298.88% and a negative return on equity of 92.01%. Jones Energy’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, equities analysts anticipate that Jones Energy will post ($0.21) EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers purchased a new stake in Jones Energy in the 2nd quarter worth $104,000. Raymond James Financial Services Advisors Inc. lifted its stake in Jones Energy by 9.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 779,726 shares of the oil and gas producer’s stock worth $1,248,000 after purchasing an additional 65,338 shares in the last quarter. Q Global Advisors LLC purchased a new stake in Jones Energy in the 2nd quarter worth $146,000. State Street Corp lifted its stake in Jones Energy by 2.7% in the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after purchasing an additional 26,539 shares in the last quarter. Finally, Columbia Pacific Advisors LLC lifted its stake in Jones Energy by 13.0% in the 2nd quarter. Columbia Pacific Advisors LLC now owns 550,556 shares of the oil and gas producer’s stock worth $881,000 after purchasing an additional 63,500 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

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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