ValuEngine Downgrades Jones Energy (JONE) to Strong Sell

Jones Energy (NYSE:JONE) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Barclays decreased 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. Finally, Stephens lowered Jones Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Jones Energy has an average rating of “Hold” and an average price target of $3.75.

Shares of Jones Energy (NYSE:JONE) opened at $0.88 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56. Jones Energy has a 12-month low of $0.85 and a 12-month high of $5.34.

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,239,891 shares of company stock valued at $4,172,754 over the last 90 days. Corporate insiders own 37.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Jones Energy by 382.6% during the 1st quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 32,554 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Jones Energy during the 2nd quarter valued at about $104,000. Q Global Advisors LLC bought a new position in shares of Jones Energy during the 2nd quarter valued at about $146,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Jones Energy by 140.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock valued at $160,000 after purchasing an additional 58,507 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Jones Energy by 479.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 85,831 shares in the last quarter. Institutional investors and hedge funds own 59.41% 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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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