Jones Energy, Inc. (NYSE:JONE) had its target price cut by equities research analysts at Barclays PLC from $1.50 to $0.50 in a research note issued on Monday. The firm presently has an “underweight” rating on the oil and gas producer’s stock. Barclays PLC’s price objective would indicate a potential downside of 51.46% from the company’s current price.

A number of other analysts have also issued reports on the stock. Stephens lowered shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered shares of Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, ValuEngine lowered shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $3.75.

Shares of Jones Energy (JONE) opened at $1.03 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a one year low of $0.85 and a one year high of $5.34.

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In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $1.66, for a total transaction of $261,961.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 2,504,924 shares of company stock valued at $3,401,190. Corporate insiders own 37.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in JONE. Q Global Advisors LLC boosted its holdings in Jones Energy by 4,993.7% in the third 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 purchasing an additional 4,571,577 shares in the last quarter. Contrarian Capital Management L.L.C. acquired a new position in Jones Energy in the third quarter valued at approximately $1,430,000. Phoenix Investment Adviser LLC acquired a new position in Jones Energy in the third quarter valued at approximately $1,039,000. Goodman Financial Corp boosted its holdings in Jones Energy by 12.6% in the second 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 in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Jones Energy by 44.9% in the third 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 in the last quarter. 54.86% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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