Jones Energy Inc (NYSE:JONE) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.00.
Several brokerages have recently issued reports on JONE. Zacks Investment Research upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. SunTrust Banks cut shares of Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a report on Tuesday, January 2nd. JPMorgan Chase & Co. cut shares of Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, Stephens cut shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th.
In related news, major shareholder Metalmark Capital Ii Llc sold 54,723 shares of Jones Energy stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $1.27, for a total value of $69,498.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 2,391,331 shares of company stock worth $2,842,725. 37.20% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Q Global Advisors LLC boosted its holdings in shares of Jones Energy by 4,993.7% during the 3rd 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. Penn Capital Management Co. Inc. boosted its holdings in shares of Jones Energy by 9.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock valued at $2,404,000 after buying an additional 130,842 shares in the last quarter. State Street Corp boosted its holdings in shares of Jones Energy by 2.7% during the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock valued at $1,603,000 after buying an additional 26,539 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Jones Energy by 9.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 779,726 shares of the oil and gas producer’s stock valued at $1,248,000 after buying an additional 65,338 shares in the last quarter. Finally, Contrarian Capital Management L.L.C. bought a new stake in shares of Jones Energy during the 3rd quarter valued at $1,430,000. Hedge funds and other institutional investors own 59.30% of the company’s stock.
Shares of Jones Energy (NYSE:JONE) traded up $0.04 during trading on Friday, hitting $1.24. 1,552,300 shares of the stock traded hands, compared to its average volume of 1,047,100. 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 1 year low of $0.73 and a 1 year high of $5.15. The company has a market capitalization of $121.61, a PE ratio of -0.47 and a beta of 2.62.
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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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