Zacks Investment Research Lowers Jones Energy (JONE) to Sell

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Zacks Investment Research cut shares of Jones Energy (NYSE:JONE) from a hold rating to a sell rating in a research report sent to investors 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. “

A number of other equities analysts have also weighed in on JONE. ValuEngine lowered Jones Energy from a buy rating to a hold rating in a research report on Wednesday, August 8th. Stifel Nicolaus set a $14.00 price target on Jones Energy and gave the company a buy rating in a research report on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Jones Energy presently has a consensus rating of Hold and a consensus price target of $14.13.

Shares of JONE stock opened at $1.00 on Wednesday. Jones Energy has a fifty-two week low of $0.87 and a fifty-two week high of $580.00. The stock has a market cap of $10.95 million, a P/E ratio of -0.12 and a beta of 3.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.18.

Jones Energy (NYSE:JONE) last announced its earnings results on Wednesday, October 31st. The oil and gas producer reported ($6.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($6.43) by ($0.34). Jones Energy had a negative net margin of 22.39% and a negative return on equity of 21.89%. The firm had revenue of $59.73 million for the quarter, compared to the consensus estimate of $60.40 million. As a group, sell-side analysts predict that Jones Energy will post -26.31 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Jones Energy stock. Dimensional Fund Advisors LP purchased a new stake in Jones Energy Inc (NYSE:JONE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,392 shares of the oil and gas producer’s stock, valued at approximately $194,000. Dimensional Fund Advisors LP owned 0.63% of Jones Energy as of its most recent SEC filing.

About Jones Energy

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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