Jones Energy (NYSE: JONE) recently received a number of ratings updates from brokerages and research firms:

  • 10/11/2017 – Jones Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $1.75 price target on the stock. 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. “
  • 10/5/2017 – Jones Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/4/2017 – Jones Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.00 price target on the stock. 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. “
  • 10/3/2017 – Jones Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/27/2017 – Jones Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Jones Energy, Inc. (NYSE JONE) traded down 5.414% on Thursday, hitting $1.485. 306,747 shares of the stock were exchanged. Jones Energy, Inc. has a 1-year low of $0.85 and a 1-year high of $4.91. The company has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.71. The company’s market capitalization is $92.36 million.

Jones Energy (NYSE:JONE) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 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 net margin of 79.19% and a positive return on equity of 0.09%. The firm’s revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. Analysts anticipate that Jones Energy, Inc. will post ($0.21) EPS for the current fiscal year.

In related news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $1.66, for a total value of $261,961.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 463,902 shares of company stock valued at $753,719. 37.20% of the stock is owned by insiders.

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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