Jones Energy, Inc. (JONE) Lifted to “Hold” at ValuEngine
ValuEngine upgraded shares of Jones Energy, Inc. (NYSE:JONE) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
JONE has been the subject of a number of other reports. Zacks Investment Research lowered shares of Jones Energy from a buy rating to a hold rating in a research note on Tuesday, July 25th. Seaport Global Securities lowered shares of Jones Energy from a buy rating to a neutral rating and reduced their price target for the stock from $5.00 to $1.50 in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co lowered shares of Jones Energy from an overweight rating to a neutral rating and set a $1.50 price target for the company. in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $3.93.
Shares of Jones Energy (NYSE:JONE) traded down 1.54% on Wednesday, reaching $1.92. 611,537 shares of the company’s stock were exchanged. Jones Energy has a 1-year low of $0.85 and a 1-year high of $5.34. The stock’s 50-day moving average price is $1.17 and its 200-day moving average price is $1.81. The company’s market capitalization is $139.69 million.
Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.30. The company had revenue of $48.60 million during the quarter, compared to analyst estimates of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The business’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS. Analysts anticipate that Jones Energy will post ($0.21) EPS for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in JONE. Cetera Investment Advisers acquired a new stake in Jones Energy during the second quarter valued at approximately $104,000. Bank of America Corp DE lifted 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 valued at $105,000 after purchasing an additional 32,554 shares during the last quarter. Parametric Portfolio Associates LLC lifted 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 valued at $106,000 after purchasing an additional 4,170 shares during the last quarter. Highbridge Capital Management LLC lifted 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 valued at $108,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Q Global Advisors LLC acquired a new stake in Jones Energy during the second quarter valued at approximately $146,000. 77.00% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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