Zacks Investment Research upgraded shares of Jones Energy (NYSE:JONE) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
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. “
JONE has been the topic of a number of other research reports. SunTrust Banks lowered shares of Jones Energy from a buy rating to a hold rating and set a $1.00 target price on the stock. in a research report on Tuesday, January 2nd. Stephens reaffirmed a hold rating and set a $1.00 price target on shares of Jones Energy in a research note on Thursday, March 15th. ValuEngine downgraded shares of Jones Energy from a sell rating to a strong sell rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase & Co. downgraded shares of Jones Energy from a neutral rating to an underweight rating in a research note on Friday, December 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Jones Energy has a consensus rating of Hold and an average price target of $1.75.
Shares of JONE stock opened at $0.97 on Wednesday. Jones Energy has a 1 year low of $0.73 and a 1 year high of $2.75. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.30.
Jones Energy (NYSE:JONE) last announced its earnings results on Tuesday, February 27th. The oil and gas producer reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $55.17 million. sell-side analysts forecast that Jones Energy will post -0.94 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new position in Jones Energy during the fourth quarter worth approximately $110,000. Parametric Portfolio Associates LLC raised its stake in Jones Energy by 140.6% during the second quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 58,507 shares during the period. TIAA CREF Investment Management LLC raised its stake in Jones Energy by 2.7% during the second quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock worth $247,000 after purchasing an additional 3,983 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Jones Energy by 68.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 219,037 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 89,224 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Jones Energy by 8,977.4% in the 4th quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 230,000 shares during the period. 59.05% of the stock is currently owned by institutional investors.
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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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