Jones Energy (JONE) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Jones Energy (NYSE:JONE) from a hold rating to a sell rating in a research note published on Tuesday, January 30th.

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. “

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Jones Energy from a neutral rating to an underweight rating in a research report on Friday, December 15th. ValuEngine downgraded Jones Energy from a sell rating to a strong sell rating in a research report on Saturday, December 9th. SunTrust Banks downgraded Jones Energy from a buy rating to a hold rating and set a $1.00 target price for the company. in a research report on Tuesday, January 2nd. Stephens downgraded Jones Energy from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. Finally, Barclays lowered their target price on Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a research report on Monday, November 20th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Jones Energy presently has a consensus rating of Hold and a consensus price target of $1.88.

Shares of Jones Energy (JONE) opened at $1.00 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a fifty-two week low of $0.73 and a fifty-two week high of $3.95. The stock has a market cap of $98.07, a P/E ratio of -0.38 and a beta of 2.57.

In related news, major shareholder Metalmark Capital Ii Llc sold 150,700 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $1.05, for a total value of $158,235.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 934,967 shares of company stock valued at $983,564. 37.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in JONE. Q Global Advisors LLC lifted its position in shares of Jones Energy by 4,993.7% during 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. Contrarian Capital Management L.L.C. bought a new stake in shares of Jones Energy during the third quarter worth $1,430,000. Cambrian Capital Limited Partnership bought a new stake in shares of Jones Energy during the fourth quarter worth $714,000. Phoenix Investment Adviser LLC bought a new stake in shares of Jones Energy during the third quarter worth $1,039,000. Finally, California Public Employees Retirement System lifted its position in shares of Jones Energy by 46.1% during the fourth quarter. California Public Employees Retirement System now owns 790,881 shares of the oil and gas producer’s stock worth $870,000 after purchasing an additional 249,561 shares during the last quarter. Institutional investors and hedge funds own 58.94% of the company’s stock.

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About Jones Energy

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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