Jones Energy (JONE) Cut to “Hold” at Zacks Investment Research

Jones Energy (NYSE:JONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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 equities analysts also recently issued reports about the company. ValuEngine upgraded Jones Energy from a “hold” rating to a “buy” rating in a research report on Monday, June 4th. Seaport Global Securities reiterated a “neutral” rating on shares of Jones Energy in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.00.

JONE stock opened at $4.09 on Tuesday. The firm has a market capitalization of $24.64 million, a PE ratio of -0.49 and a beta of 2.72. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.94. Jones Energy has a 1 year low of $4.04 and a 1 year high of $884.00.

Jones Energy (NYSE:JONE) last released its earnings results on Monday, August 6th. The oil and gas producer reported ($5.80) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.40) by ($0.40). The company had revenue of $65.26 million for the quarter, compared to analysts’ expectations of $56.57 million. Jones Energy had a negative net margin of 38.28% and a negative return on equity of 16.15%. equities research analysts expect that Jones Energy will post -21.6 earnings per share for the current fiscal year.

In related news, VP Robert J. Brooks sold 285,511 shares of Jones Energy stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $0.38, for a total transaction of $108,494.18. Following the transaction, the vice president now directly owns 311,004 shares in the company, valued at $118,181.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonny Jones sold 214,410 shares of Jones Energy stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $0.38, for a total value of $81,475.80. Following the transaction, the director now owns 284,168 shares in the company, valued at $107,983.84. The disclosure for this sale can be found here. 32.10% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Q Global Advisors LLC raised its holdings in Jones Energy by 3.2% during the first quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock valued at $3,876,000 after acquiring an additional 151,840 shares during the period. Marathon Asset Management LP bought a new stake in Jones Energy during the first quarter valued at about $1,430,000. Finally, Wolverine Asset Management LLC raised its holdings in Jones Energy by 249,244.4% during the second quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock valued at $288,000 after acquiring an additional 775,150 shares during the period. 51.99% of the stock is currently owned by institutional investors and hedge funds.

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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