Brokerages Set Jones Energy, Inc. (JONE) PT at $3.80

Shares of Jones Energy, Inc. (NYSE:JONE) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.80.

JONE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target on the stock. in a research report on Thursday, July 20th. Seaport Global Securities lowered shares of Jones Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $1.50 in a research report on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th.

Jones Energy (JONE) traded up 1.25% during midday trading on Wednesday, hitting $1.62. The stock had a trading volume of 256,384 shares. The stock’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.73. Jones Energy has a 52 week low of $0.85 and a 52 week high of $4.91. The company’s market cap is $117.86 million.

Jones Energy (NYSE:JONE) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.30. The business had revenue of $48.60 million for the quarter, compared to analysts’ expectations of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The firm’s revenue for the quarter was up 67.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Equities research analysts predict that Jones Energy will post ($0.21) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Jones Energy, Inc. (JONE) PT at $3.80” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/brokerages-set-jones-energy-inc-jone-pt-at-3-80/1702843.html.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $1.62, for a total value of $231,791.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.20% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in JONE. Wellington Management Group LLP lifted its position in shares of Jones Energy by 376.9% during the first quarter. Wellington Management Group LLP now owns 1,448,333 shares of the oil and gas producer’s stock worth $3,693,000 after purchasing an additional 1,144,613 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Jones Energy by 61.2% during the first quarter. Systematic Financial Management LP now owns 1,446,092 shares of the oil and gas producer’s stock worth $3,688,000 after purchasing an additional 548,827 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Jones Energy by 55.2% during the first quarter. Ameriprise Financial Inc. now owns 1,459,533 shares of the oil and gas producer’s stock worth $3,722,000 after purchasing an additional 518,836 shares in the last quarter. UBS Oconnor LLC lifted its position in shares of Jones Energy by 48.1% during the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock worth $4,058,000 after purchasing an additional 517,028 shares in the last quarter. Finally, Cortina Asset Management LLC lifted its position in shares of Jones Energy by 46.8% during the first quarter. Cortina Asset Management LLC now owns 1,419,101 shares of the oil and gas producer’s stock worth $3,619,000 after purchasing an additional 452,156 shares in the last quarter. Institutional investors own 59.34% of the company’s stock.

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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

Receive News & Ratings for Jones Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1


Leave a Reply

 
© 2006-2017 BBNS.