Jones Energy (NYSE:JONE)‘s stock had its “hold” rating reissued by research analysts at Stephens in a note issued to investors on Thursday, March 15th. They currently have a $1.00 price objective on the oil and gas producer’s stock. Stephens’ price objective indicates a potential upside of 5.26% from the company’s previous close.
Several other brokerages also recently issued reports on JONE. ValuEngine downgraded shares of Jones Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Barclays dropped their price target on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. cut shares of Jones Energy from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Jones Energy presently has an average rating of “Hold” and a consensus price target of $1.75.
JONE stock traded up $0.02 during midday trading on Thursday, hitting $0.95. The company’s stock had a trading volume of 566,950 shares, compared to its average volume of 948,821. Jones Energy has a 52 week low of $0.73 and a 52 week high of $2.75. The company has a current ratio of 0.63, a quick 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 consensus estimate of ($0.20) by ($0.13). Jones Energy had a negative net margin of 57.54% and a negative return on equity of 4.41%. The firm had revenue of $54.51 million for the quarter, compared to analyst estimates of $55.17 million. analysts anticipate that Jones Energy will post -0.94 EPS for the current year.
Large investors have recently modified their holdings of the business. Q Global Advisors LLC increased its position 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 purchasing an additional 4,571,577 shares during the last quarter. BlackRock Inc. grew its stake in shares of Jones Energy by 4.7% during the 4th quarter. BlackRock Inc. now owns 3,763,979 shares of the oil and gas producer’s stock valued at $4,141,000 after acquiring an additional 168,853 shares during the period. Brookfield Asset Management Inc. grew its stake in shares of Jones Energy by 57.6% during the 4th quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock valued at $2,640,000 after acquiring an additional 877,268 shares during the period. Goodman Financial Corp grew its stake in shares of Jones Energy by 8.6% during the 4th quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock valued at $2,125,000 after acquiring an additional 153,572 shares during the period. Finally, State Street Corp boosted its stake in Jones Energy by 2.7% in the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after purchasing an additional 26,539 shares during the period. 59.05% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Jones Energy (NYSE:JONE) Earns Hold Rating from Stephens” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2018/03/23/jones-energy-jone-given-hold-rating-at-stephens.html.
Jones Energy Company Profile
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.
Receive News & Ratings for Jones Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy and related companies with MarketBeat.com's FREE daily email newsletter.