Shares of Jones Energy Inc (NYSE:JONE) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $0.83.

A number of equities analysts recently commented on JONE shares. ValuEngine raised Jones Energy from a “hold” rating to a “buy” rating in a research note on Monday, June 4th. Seaport Global Securities reissued a “neutral” rating on shares of Jones Energy in a research note on Wednesday, July 25th.

In other news, Director Jonny Jones sold 214,410 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $0.38, for a total value of $81,475.80. Following the completion of the sale, the director now directly owns 284,168 shares of the company’s stock, valued at approximately $107,983.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Brooks sold 285,511 shares of the firm’s stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $0.38, for a total value of $108,494.18. Following the completion of the sale, the vice president now directly owns 311,004 shares of the company’s stock, valued at $118,181.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 530,331 shares of company stock valued at $201,526. 32.10% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of JONE. Goldman Sachs Group Inc. raised its holdings in shares of Jones Energy by 68.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 219,037 shares of the oil and gas producer’s stock worth $241,000 after buying an additional 89,224 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Jones Energy by 249,244.4% in the second quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock worth $288,000 after buying an additional 775,150 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Jones Energy by 22.6% in the fourth quarter. Bank of New York Mellon Corp now owns 328,219 shares of the oil and gas producer’s stock worth $361,000 after buying an additional 60,510 shares during the period. Marathon Asset Management LP purchased a new stake in shares of Jones Energy in the first quarter worth approximately $1,430,000. Finally, Q Global Advisors LLC raised its holdings in shares of Jones Energy by 3.2% in the first quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock worth $3,876,000 after buying an additional 151,840 shares during the period. 56.42% of the stock is owned by institutional investors and hedge funds.

Jones Energy stock remained flat at $$0.33 during midday trading on Friday. The company had a trading volume of 820,341 shares, compared to its average volume of 1,319,270. Jones Energy has a 52 week low of $0.28 and a 52 week high of $2.21. The company has a market capitalization of $34.77 million, a price-to-earnings ratio of -0.77 and a beta of 2.55. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.28 and a current ratio of 1.28.

Jones Energy shares are scheduled to reverse split before the market opens on Friday, September 7th. The 1-20 reverse split was announced on Monday, August 20th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, September 6th.

Jones Energy (NYSE:JONE) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). Jones Energy had a negative net margin of 38.28% and a negative return on equity of 16.15%. The firm had revenue of $65.26 million for the quarter, compared to the consensus estimate of $56.57 million. sell-side analysts predict that Jones Energy will post -1.12 earnings per share for the current year.

Jones Energy Company Profile

Jones Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent United States. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko Basin in Oklahoma and Texas.

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Analyst Recommendations for Jones Energy (NYSE:JONE)

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