Jones Energy Inc (JONE) Receives $16.67 Consensus Target Price from Analysts

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Shares of Jones Energy Inc (NYSE:JONE) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.67.

JONE has been the topic of several recent research reports. Zacks Investment Research upgraded Jones Energy from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, September 6th. ValuEngine upgraded Jones Energy from a “hold” rating to a “buy” rating in a research report on Monday, June 4th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Jones Energy in a research report on Wednesday, July 25th.

Shares of NYSE:JONE traded up $1.32 during trading on Wednesday, hitting $6.11. 5,146 shares of the company were exchanged, compared to its average volume of 87,931. The company has a market cap of $24.64 million, a P/E ratio of -0.58 and a beta of 2.72. Jones Energy has a 52-week low of $4.04 and a 52-week high of $884.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.28 and a quick ratio of 1.28.

Jones Energy (NYSE:JONE) last posted its earnings results on Monday, August 6th. The oil and gas producer reported ($5.80) earnings per share (EPS) for the quarter, missing the 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 return on equity of 16.15% and a negative net margin of 38.28%. analysts expect that Jones Energy will post -31.49 earnings per share for the current fiscal year.

In other news, VP Robert J. Brooks sold 285,511 shares of the company’s stock in a transaction 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 transaction, the vice president now 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 is available at the SEC website. Corporate insiders own 32.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its stake 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 valued at $288,000 after acquiring an additional 775,150 shares during the last quarter. Marathon Asset Management LP bought a new position in Jones Energy in the first quarter valued at $1,430,000. Finally, Q Global Advisors LLC increased its stake 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 valued at $3,876,000 after acquiring an additional 151,840 shares during the last quarter.

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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