Jones Energy, Inc. (JONE) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Jones Energy, Inc. (NYSE:JONE) from a buy rating to a hold rating in a report issued on Tuesday, July 25th.

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 equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Jones Energy from an overweight rating to a neutral rating and set a $1.50 price objective for the company. in a report on Thursday, July 20th. Seaport Global Securities cut Jones Energy from a buy rating to a neutral rating and reduced their price objective for the stock from $5.00 to $1.50 in a report on Wednesday, June 21st. Barclays PLC reaffirmed an underweight rating and set a $2.00 price objective (down from $3.00) on shares of Jones Energy in a report on Saturday, April 22nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $5.00 price objective on shares of Jones Energy in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $3.91.

Shares of Jones Energy (NYSE:JONE) traded down 4.17% on Tuesday, reaching $1.15. The company’s stock had a trading volume of 4,813,487 shares. The company’s market capitalization is $83.67 million. The stock has a 50-day moving average price of $1.44 and a 200-day moving average price of $2.40. Jones Energy has a 1-year low of $0.90 and a 1-year high of $5.34.

Jones Energy (NYSE:JONE) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.30. The business had revenue of $48.60 million during the quarter, compared to analysts’ expectations of $53.93 million. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The company’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that Jones Energy will post ($0.40) EPS for the current year.

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In other news, VP Eric Niccum sold 40,000 shares of Jones Energy stock in a transaction on Monday, June 5th. The stock was sold at an average price of $1.91, for a total value of $76,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Mike Mcconnell sold 38,927 shares of Jones Energy stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1.95, for a total value of $75,907.65. The disclosure for this sale can be found here. Company insiders own 37.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in shares of Jones Energy by 0.4% in the fourth quarter. Guggenheim Capital LLC now owns 111,558 shares of the oil and gas producer’s stock worth $558,000 after buying an additional 414 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Jones Energy by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock worth $357,000 after buying an additional 1,328 shares during the period. Highbridge Capital Management LLC increased its stake in Jones Energy by 4.3% in the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 1,735 shares during the period. TIAA CREF Investment Management LLC increased its stake in Jones Energy by 2.7% in the second quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock worth $247,000 after buying an additional 3,983 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 4,170 shares during the period.

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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