Shares of Jones Energy Inc (NYSE:JONE) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $2.00.
JONE has been the subject of a number of analyst reports. Stephens downgraded Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Zacks Investment Research raised Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks downgraded Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a report on Tuesday, January 2nd. ValuEngine downgraded Jones Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. downgraded Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th.
Shares of Jones Energy (JONE) traded down $0.01 on Tuesday, reaching $1.25. The company had a trading volume of 1,184,154 shares, compared to its average volume of 910,314. The stock has a market capitalization of $114.74, a P/E ratio of -0.46 and a beta of 2.58. Jones Energy has a 1 year low of $0.73 and a 1 year high of $4.80. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56.
In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 61,241 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1.04, for a total transaction of $63,690.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,482,612 shares of company stock worth $1,630,550 in the last 90 days. 37.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Q Global Advisors LLC raised its position in shares of Jones Energy by 4,993.7% during the 3rd 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 period. Goodman Financial Corp raised its position in shares of Jones Energy by 8.6% during the 4th 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 period. State Street Corp raised its position in shares of Jones Energy by 2.7% during 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 during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Jones Energy by 9.1% during 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 during the period. Finally, Contrarian Capital Management L.L.C. acquired a new stake in shares of Jones Energy during the 3rd quarter worth approximately $1,430,000. Hedge funds and other institutional investors own 59.30% 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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