Jones Energy Inc (JONE) Receives $1.00 Consensus Target Price from Brokerages

Jones Energy Inc (NYSE:JONE) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.00.

JONE has been the topic of several recent research reports. ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 29th. Zacks Investment Research raised shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Finally, Stephens reaffirmed a “hold” rating and set a $1.00 price objective on shares of Jones Energy in a report on Thursday, March 15th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. purchased a new stake in shares of Jones Energy in the fourth quarter worth about $110,000. Goldman Sachs Group Inc. lifted its holdings in shares of Jones Energy by 68.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 219,037 shares of the oil and gas producer’s stock worth $241,000 after buying an additional 89,224 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Jones Energy by 8,977.4% in the fourth quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 230,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Jones Energy by 22.6% in the fourth quarter. Bank of New York Mellon Corp now owns 328,219 shares of the oil and gas producer’s stock worth $361,000 after buying an additional 60,510 shares in the last quarter. Finally, Cambrian Capital Limited Partnership purchased a new stake in shares of Jones Energy in the fourth quarter worth about $714,000. 59.92% of the stock is currently owned by institutional investors and hedge funds.

Jones Energy opened at $0.39 on Monday, according to Marketbeat. The stock has a market cap of $42.69 million, a P/E ratio of -0.94 and a beta of 2.63. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.69 and a quick ratio of 1.69. Jones Energy has a fifty-two week low of $0.37 and a fifty-two week high of $2.21.

Jones Energy (NYSE:JONE) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.08). The company had revenue of $57.49 million for the quarter, compared to the consensus estimate of $54.23 million. Jones Energy had a negative net margin of 64.68% and a negative return on equity of 9.77%. analysts predict that Jones Energy will post -1.15 earnings per share for the current year.

About Jones Energy

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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

Receive News & Ratings for Jones Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit