Shares of Jones Energy Inc (NYSE:JONE) gapped up before the market opened on Wednesday . The stock had previously closed at $6.50, but opened at $7.85. Jones Energy shares last traded at $6.97, with a volume of 16181 shares trading hands.

A number of analysts have recently issued reports on JONE shares. ValuEngine raised shares of Jones Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, September 6th. Stifel Nicolaus set a $14.00 target price on shares of Jones Energy and gave the company a “buy” rating in a research note on Wednesday. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Jones Energy in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.80.

The company has a market cap of $35.95 million, a PE ratio of -0.78 and a beta of 2.72. 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 (NYSE:JONE) last issued its earnings results on Monday, August 6th. The oil and gas producer reported ($5.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($5.40) by ($0.40). The company had revenue of $65.26 million for the quarter, compared to analysts’ expectations of $56.57 million. Jones Energy had a negative net margin of 38.28% and a negative return on equity of 16.15%. analysts anticipate that Jones Energy Inc will post -31.49 EPS for the current fiscal year.

In related news, VP Robert J. Brooks sold 285,511 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 32.10% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Q Global Advisors LLC raised its holdings in 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 purchasing an additional 151,840 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in 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 purchasing an additional 775,150 shares in the last quarter. Finally, Marathon Asset Management LP bought a new position in Jones Energy in the first quarter worth about $1,430,000.

About Jones Energy (NYSE:JONE)

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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