Jones Energy, Inc. (JONE) Cut to Sell at ValuEngine
ValuEngine cut shares of Jones Energy, Inc. (NYSE:JONE) from a hold rating to a sell rating in a research report report published on Tuesday morning.
Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Jones Energy from a buy rating to a hold rating in a report on Tuesday, July 25th. J P Morgan Chase & Co downgraded Jones Energy from an overweight rating to a neutral rating and set a $1.50 price target on the stock. in a report on Thursday, July 20th. Finally, Seaport Global Securities downgraded Jones Energy from a buy rating to a neutral rating and lowered their price target for the company from $5.00 to $1.50 in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Jones Energy presently has a consensus rating of Hold and a consensus price target of $4.00.
Jones Energy (NYSE:JONE) opened at 1.60 on Tuesday. Jones Energy has a 52 week low of $0.85 and a 52 week high of $5.34. The stock has a 50 day moving average of $1.34 and a 200 day moving average of $1.73. The stock’s market capitalization is $116.41 million.
Jones Energy (NYSE:JONE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.30. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $53.93 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. On average, equities research analysts predict that Jones Energy will post ($0.21) earnings per share for the current fiscal year.
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In other news, major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $1.62, for a total value of $231,791.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 37.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Jones Energy by 382.6% during the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 32,554 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Jones Energy by 11.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 4,170 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in Jones Energy by 4.3% during the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 1,735 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Jones Energy during the second quarter worth $104,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Jones Energy during the first quarter worth $205,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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