ValuEngine Downgrades Jones Energy (JONE) to Strong Sell

ValuEngine downgraded shares of Jones Energy (NYSE:JONE) from a sell rating to a strong sell rating in a research report released on Sunday.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Jones Energy from a hold rating to a buy rating and set a $2.00 price objective for the company in a research note on Wednesday, October 4th. Stephens downgraded Jones Energy from an overweight rating to an equal weight rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. downgraded Jones Energy from a neutral rating to an underweight rating in a research note on Friday, December 15th. Finally, Barclays lowered their price objective on Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a research note on Monday, November 20th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $1.88.

Shares of Jones Energy (NYSE JONE) traded up $0.02 on Friday, reaching $1.20. The company had a trading volume of 371,610 shares, compared to its average volume of 1,472,650. The company has a market cap of $117.69, a P/E ratio of -0.45 and a beta of 2.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56. Jones Energy has a 52-week low of $0.73 and a 52-week high of $5.20.

In other news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 2,939,002 shares of company stock valued at $3,679,001. Company insiders own 37.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its holdings in shares of 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 buying an additional 167,725 shares during the period. Q Global Advisors LLC lifted its holdings in shares of 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 buying an additional 4,571,577 shares during the period. Contrarian Capital Management L.L.C. acquired a new stake in shares of Jones Energy in the third quarter valued at $1,430,000. Phoenix Investment Adviser LLC acquired a new stake in shares of Jones Energy in the third quarter valued at $1,039,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Jones Energy in the second quarter valued at $104,000. Institutional investors and hedge funds own 59.30% of the company’s stock.

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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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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