Jones Energy (JONE) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Jones Energy (NYSE:JONE) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

Several other brokerages also recently weighed in on JONE. Zacks Investment Research raised shares of Jones Energy from a hold rating to a strong-buy rating and set a $1.75 price target for the company in a research report on Wednesday, October 11th. Stephens downgraded shares of Jones Energy from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. SunTrust Banks downgraded shares of Jones Energy from a buy rating to a hold rating and set a $1.00 price target for the company. in a research report on Tuesday, January 2nd. Barclays reduced their price target on shares of Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. downgraded shares of Jones Energy from a neutral rating to an underweight rating in a research report on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $1.88.

Shares of Jones Energy (NYSE JONE) traded down $0.09 during midday trading on Friday, hitting $1.17. 718,583 shares of the company’s stock were exchanged, compared to its average volume of 806,368. Jones Energy has a fifty-two week low of $0.73 and a fifty-two week high of $4.41. The company has a market capitalization of $114.74, a P/E ratio of -0.41 and a beta of 2.58. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07.

Jones Energy (NYSE:JONE) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Jones Energy had a negative net margin of 105.90% and a negative return on equity of 0.80%. research analysts forecast that Jones Energy will post -0.32 earnings per share for the current year.

In related news, major shareholder Metalmark Capital Ii Llc sold 322,645 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $1.28, for a total transaction of $412,985.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,652,612 shares of company stock valued at $1,880,450 in the last three months. 37.20% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Q Global Advisors LLC boosted its holdings in Jones Energy by 4,993.7% in the third quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock worth $8,953,000 after purchasing an additional 4,571,577 shares during the last quarter. Goodman Financial Corp boosted its holdings in Jones Energy by 8.6% in the fourth quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock worth $2,125,000 after purchasing an additional 153,572 shares during the last quarter. State Street Corp boosted its holdings in Jones Energy by 2.7% in the second 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 during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Jones Energy by 9.1% in the second 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 during the last quarter. Finally, Contrarian Capital Management L.L.C. purchased a new stake in Jones Energy in the third quarter worth approximately $1,430,000. Institutional investors own 59.31% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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