Jones Energy, Inc. (JONE) Given Consensus Recommendation of “Hold” by Analysts
Jones Energy, Inc. (NYSE:JONE) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.00.
A number of brokerages have commented on JONE. ValuEngine upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. J P Morgan Chase & Co lowered shares of Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 price objective on the stock in a report on Wednesday, October 11th. Stephens lowered shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Barclays cut their price objective on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a report on Monday, November 20th.
Jones Energy (NYSE JONE) traded up $0.10 during trading hours on Monday, hitting $0.89. 3,411,700 shares of the company traded hands, compared to its average volume of 1,183,281. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a 1-year low of $0.73 and a 1-year high of $5.25.
Several large investors have recently made changes to their positions in JONE. Q Global Advisors LLC grew 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 buying an additional 4,571,577 shares during the last quarter. Contrarian Capital Management L.L.C. acquired a new position in Jones Energy during the 3rd quarter valued at about $1,430,000. Phoenix Investment Adviser LLC acquired a new position in Jones Energy during the 3rd quarter valued at about $1,039,000. Goodman Financial Corp boosted its stake in Jones Energy by 12.6% during the 2nd quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock valued at $2,732,000 after purchasing an additional 191,622 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Jones Energy by 44.9% during the 3rd quarter. California Public Employees Retirement System now owns 541,320 shares of the oil and gas producer’s stock valued at $1,039,000 after purchasing an additional 167,725 shares during the period. 59.41% of the stock is owned by institutional investors and hedge funds.
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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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