Shares of Jones Energy Inc (NYSE:JONE) traded up 23.3% during mid-day trading on Tuesday . The company traded as high as $6.70 and last traded at $7.32. 75,756 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 87,931 shares. The stock had previously closed at $9.54.

A number of analysts have issued reports on the stock. Stifel Nicolaus set a $14.00 price objective on shares of Jones Energy and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised shares of Jones Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Seaport Global Securities reissued a “neutral” rating on shares of Jones Energy in a report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Jones Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.80.

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $33.53 million, a PE ratio of -0.76 and a beta of 2.72.

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

In other news, VP Robert J. Brooks sold 285,511 shares of the company’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 transaction of $108,494.18. Following the completion of the sale, the vice president now owns 311,004 shares of the company’s stock, valued at approximately $118,181.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC lifted its holdings in shares of Jones Energy by 249,244.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock worth $288,000 after acquiring an additional 775,150 shares during the period. Q Global Advisors LLC lifted its holdings in shares of Jones Energy by 3.2% during the 1st quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock worth $3,876,000 after acquiring an additional 151,840 shares during the period. Finally, Marathon Asset Management LP bought a new stake in shares of Jones Energy during the 1st quarter worth approximately $1,430,000.

Jones Energy Company Profile (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.

Featured Story: Outstanding Shares and The Effect on Share Price

Receive News & Ratings for Jones Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy and related companies with MarketBeat.com's FREE daily email newsletter.