Zacks Investment Research upgraded shares of Jones Energy (NYSE:JONE) from a sell rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Jones Energy, Inc. is an independent oil and gas company. It engages in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. Jones Energy, Inc. is based in Austin, Texas. “
JONE has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of Jones Energy from a neutral rating to an underweight rating in a report on Friday, December 15th. ValuEngine downgraded shares of Jones Energy from a sell rating to a strong sell rating in a report on Saturday, December 9th. SunTrust Banks downgraded shares of Jones Energy from a buy rating to a hold rating and set a $1.00 price objective for the company. in a report on Tuesday, January 2nd. Stephens downgraded shares of Jones Energy from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. Finally, Barclays reduced their price objective on shares of Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Jones Energy currently has an average rating of Hold and an average price target of $1.88.
Jones Energy (NYSE:JONE) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas producer reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.13). The company had revenue of $54.51 million during the quarter, compared to analyst estimates of $55.17 million. Jones Energy had a negative return on equity of 4.41% and a negative net margin of 57.54%. analysts forecast that Jones Energy will post -0.94 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Goodman Financial Corp lifted its holdings in Jones Energy by 8.6% in the 4th quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock valued at $2,125,000 after acquiring an additional 153,572 shares during the last quarter. Country Club Trust Company n.a. raised its holdings in Jones Energy by 104.7% during the 4th quarter. Country Club Trust Company n.a. now owns 440,000 shares of the oil and gas producer’s stock worth $484,000 after buying an additional 225,000 shares during the period. Q Global Advisors LLC raised its holdings in Jones Energy by 4,993.7% during the 3rd quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock worth $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 Jones Energy during the 3rd quarter worth about $1,430,000. Finally, California Public Employees Retirement System raised its holdings in Jones Energy by 44.9% during the 3rd quarter. California Public Employees Retirement System now owns 541,320 shares of the oil and gas producer’s stock worth $1,039,000 after buying an additional 167,725 shares during the period. 61.18% of the stock is owned by institutional investors.
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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.
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