Jones Energy Inc (JONE) Receives Consensus Rating of “Hold” from Brokerages

Jones Energy Inc (NYSE:JONE) has been given an average rating of “Hold” by the eight brokerages that are presently covering the company, reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.00.

Several brokerages have recently commented on JONE. ValuEngine upgraded Jones Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Stifel Nicolaus set a $14.00 price target on Jones Energy and gave the company a “buy” rating in a research note on Wednesday, September 26th. Seaport Global Securities restated a “neutral” rating on shares of Jones Energy in a research note on Wednesday, July 25th. Finally, Zacks Investment Research lowered Jones Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th.

An institutional investor recently raised its position in Jones Energy stock. Wolverine Asset Management LLC raised its stake in Jones Energy Inc (NYSE:JONE) by 249,244.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 775,461 shares of the oil and gas producer’s stock after purchasing an additional 775,150 shares during the period. Wolverine Asset Management LLC owned 0.76% of Jones Energy worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

JONE stock traded down $0.16 during midday trading on Thursday, reaching $2.70. The company’s stock had a trading volume of 506 shares, compared to its average volume of 336,031. The company has a quick ratio of 1.28, a current ratio of 1.10 and a debt-to-equity ratio of 2.18. Jones Energy has a 1 year low of $2.32 and a 1 year high of $600.00. The firm has a market cap of $12.24 million, a price-to-earnings ratio of -0.32 and a beta of 3.09.

Jones Energy (NYSE:JONE) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported ($6.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.43) by ($0.34). The business had revenue of $59.73 million during the quarter, compared to analysts’ expectations of $60.40 million. Jones Energy had a negative return on equity of 21.89% and a negative net margin of 22.39%. Research analysts expect that Jones Energy will post -26.31 EPS for the current year.

Jones Energy Company Profile

Jones Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent United States. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko Basin in Oklahoma and Texas.

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Analyst Recommendations for Jones Energy (NYSE:JONE)

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