Jones Energy (NYSE:JONE)‘s stock had its “hold” rating reiterated by equities researchers at Stephens in a note issued to investors on Thursday, March 15th. They currently have a $1.00 price target on the oil and gas producer’s stock. Stephens’ target price suggests a potential upside of 40.43% from the company’s previous close.
A number of other research analysts have also weighed in on JONE. Barclays cut their price objective on Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a report on Monday, November 20th. Zacks Investment Research lowered Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. ValuEngine lowered Jones Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. JPMorgan Chase downgraded Jones Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Finally, SunTrust Banks downgraded Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Jones Energy presently has a consensus rating of “Hold” and an average target price of $1.75.
JONE opened at $0.71 on Thursday. Jones Energy has a 52-week low of $0.61 and a 52-week high of $2.70. The firm has a market cap of $65.93, a P/E ratio of -1.70 and a beta of 2.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.63.
Jones Energy (NYSE:JONE) last issued its earnings results on Tuesday, February 27th. The oil and gas producer reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.13). Jones Energy had a negative return on equity of 4.41% and a negative net margin of 57.54%. The firm had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $55.17 million. research analysts forecast that Jones Energy will post -0.92 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in JONE. Goodman Financial Corp increased its stake in Jones Energy by 8.6% during 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 acquiring an additional 153,572 shares during the last quarter. Country Club Trust Company n.a. grew its stake in shares of Jones Energy by 104.7% in the fourth quarter. Country Club Trust Company n.a. now owns 440,000 shares of the oil and gas producer’s stock valued at $484,000 after buying an additional 225,000 shares in the last quarter. Bank of Montreal Can grew its stake 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 valued at $256,000 after buying an additional 230,000 shares in the last quarter. Q Global Advisors LLC grew its stake in shares of 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 valued at $8,953,000 after buying an additional 4,571,577 shares in the last quarter. Finally, Contrarian Capital Management L.L.C. acquired a new stake in shares of Jones Energy in the third quarter valued at $1,430,000. Hedge funds and other institutional investors own 59.05% 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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