Jones Energy (JONE) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Jones Energy (NYSE:JONE) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other brokerages also recently commented on JONE. Zacks Investment Research downgraded Jones Energy from a hold rating to a sell rating in a report on Tuesday, January 30th. SunTrust Banks downgraded Jones Energy from a buy rating to a hold rating and set a $1.00 price objective on the stock. in a report on Tuesday, January 2nd. Stephens restated a hold rating and set a $1.00 price objective on shares of Jones Energy in a report on Thursday, March 15th. Finally, JPMorgan Chase downgraded Jones Energy from a neutral rating to an underweight rating in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Jones Energy presently has an average rating of Hold and a consensus price target of $1.75.

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Shares of NYSE:JONE opened at $0.78 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.63. Jones Energy has a one year low of $0.61 and a one year high of $2.70.

Jones Energy (NYSE:JONE) last announced its earnings results on Tuesday, February 27th. The oil and gas producer reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.13). The company had revenue of $54.51 million for the quarter, compared to analysts’ expectations of $55.17 million. Jones Energy had a negative net margin of 57.54% and a negative return on equity of 4.41%. equities research analysts expect that Jones Energy will post -0.92 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Q Global Advisors LLC increased 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 purchasing an additional 4,571,577 shares during the last quarter. BlackRock Inc. increased its holdings in Jones Energy by 4.7% during the 4th quarter. BlackRock Inc. now owns 3,763,979 shares of the oil and gas producer’s stock worth $4,141,000 after purchasing an additional 168,853 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in Jones Energy by 57.6% during the 4th quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock worth $2,640,000 after purchasing an additional 877,268 shares during the last quarter. Goodman Financial Corp increased its holdings in Jones Energy by 8.6% during the 4th quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock worth $2,125,000 after purchasing an additional 153,572 shares during the last quarter. Finally, State Street Corp increased its holdings in Jones Energy by 2.7% during the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after purchasing an additional 26,539 shares during the last quarter. Institutional investors own 59.05% 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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