Stephens Downgrades Jones Energy, Inc. (JONE) to Equal Weight

Stephens downgraded shares of Jones Energy, Inc. (NYSE:JONE) from an overweight rating to an equal weight rating in a research note published on Wednesday, November 8th, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of Jones Energy from a hold rating to a sell rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co cut 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. Finally, Zacks Investment Research raised shares of Jones Energy from a hold rating to a strong-buy rating and set a $1.75 price target on the stock in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $3.75.

Jones Energy (JONE) traded down $0.10 on Wednesday, reaching $0.96. 2,844,102 shares of the company traded hands, compared to its average volume of 1,126,451. Jones Energy has a 1-year low of $0.85 and a 1-year high of $5.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07.

In related news, major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the company’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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 2,953,669 shares of company stock worth $3,875,352. 37.20% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Q Global Advisors LLC lifted its holdings in shares of 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 acquiring an additional 4,571,577 shares during the period. Vanguard Group Inc. lifted its stake in Jones Energy by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock valued at $6,236,000 after purchasing an additional 66,526 shares during the last quarter. Goodman Financial Corp lifted its stake in Jones Energy by 12.6% in the 2nd quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock valued at $2,732,000 after purchasing an additional 191,622 shares during the last quarter. Penn Capital Management Co. Inc. lifted its stake in Jones Energy by 9.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock valued at $2,404,000 after purchasing an additional 130,842 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Jones Energy by 376.9% in the 1st quarter. Wellington Management Group LLP now owns 1,448,333 shares of the oil and gas producer’s stock valued at $3,693,000 after purchasing an additional 1,144,613 shares during the last quarter. 54.86% of the stock is owned by institutional investors.

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About Jones Energy

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)

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