Jones Energy (JONE) Reaches New 52-Week High and Low at $0.35

Shares of Jones Energy Inc (NYSE:JONE) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $0.35 and last traded at $0.37, with a volume of 19701 shares traded. The stock had previously closed at $0.40.

A number of brokerages recently issued reports on JONE. ValuEngine upgraded shares of Jones Energy from a “hold” rating to a “buy” rating in a research note on Monday, June 4th. Zacks Investment Research upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Stephens restated a “hold” rating and issued a $1.00 price target on shares of Jones Energy in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $1.21.

The firm has a market capitalization of $42.69 million, a P/E ratio of -0.90 and a beta of 2.63. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.79.

Jones Energy (NYSE:JONE) last released its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). The business had revenue of $57.49 million during the quarter, compared to analyst estimates of $54.23 million. Jones Energy had a negative return on equity of 9.77% and a negative net margin of 64.68%. research analysts predict that Jones Energy Inc will post -1.15 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Q Global Advisors LLC boosted its holdings in Jones Energy by 3.2% in the first quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock worth $3,876,000 after purchasing an additional 151,840 shares during the period. Marathon Asset Management LP acquired a new position in Jones Energy in the first quarter worth $1,430,000. Brookfield Asset Management Inc. boosted its holdings in Jones Energy by 57.6% in the fourth quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock worth $2,640,000 after purchasing an additional 877,268 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 89,224 shares during the period. Finally, Cambrian Capital Limited Partnership acquired a new position in Jones Energy in the fourth quarter worth $714,000. 59.92% of the stock is owned by hedge funds and other institutional investors.

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.

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