Jones Energy Inc. (NYSE:JONE) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.35.
A number of research analysts recently issued reports on JONE shares. Zacks Investment Research downgraded shares of Jones Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 26th. Barclays PLC downgraded shares of Jones Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $3.50 to $3.00 in a research report on Wednesday, August 10th. Imperial Capital decreased their price objective on shares of Jones Energy from $5.50 to $3.75 and set an “outperform” rating for the company in a research report on Monday, August 22nd. Finally, Seaport Global Securities began coverage on shares of Jones Energy in a research report on Tuesday, August 30th. They issued an “accumulate” rating and a $3.50 price objective for the company.
In related news, major shareholder Advisors L.L.C. Jvl purchased 9,025,270 shares of Jones Energy stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of $2.77 per share, for a total transaction of $24,999,997.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 50.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in JONE. Squarepoint Ops LLC acquired a new stake in shares of Jones Energy during the first quarter valued at about $106,000. Nationwide Fund Advisors boosted its stake in shares of Jones Energy by 132.8% in the second quarter. Nationwide Fund Advisors now owns 46,099 shares of the company’s stock valued at $190,000 after buying an additional 26,300 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Jones Energy during the first quarter valued at about $218,000. Teachers Advisors Inc. boosted its stake in shares of Jones Energy by 91.9% in the second quarter. Teachers Advisors Inc. now owns 55,606 shares of the company’s stock valued at $229,000 after buying an additional 26,626 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Jones Energy by 5.3% in the second quarter. California State Teachers Retirement System now owns 64,646 shares of the company’s stock valued at $266,000 after buying an additional 3,270 shares in the last quarter. 71.91% of the stock is owned by institutional investors.
Jones Energy (NYSE:JONE) opened at 3.56 on Thursday. The company has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.71. Jones Energy has a 52-week low of $1.16 and a 52-week high of $6.05. The stock has a market cap of $116.84 million, a price-to-earnings ratio of 11.48 and a beta of 3.07.
Jones Energy (NYSE:JONE) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $29.10 million for the quarter, compared to analyst estimates of $44.03 million. Jones Energy had a net margin of 6.80% and a negative return on equity of 0.73%. The company’s revenue for the quarter was down 46.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. On average, analysts expect that Jones Energy will post ($0.24) earnings per share for the current year.
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.
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