Jones Energy, Inc. (JONE) Rating Lowered to Equal Weight at Stephens

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 morning, MarketBeat Ratings reports.

JONE has been the topic of several other research reports. Zacks Investment Research raised Jones Energy from a hold rating to a strong-buy rating and set a $1.75 target price on the stock in a research report on Wednesday, October 11th. ValuEngine raised Jones Energy from a sell rating to a hold rating in a research report on Wednesday, September 27th. Finally, J P Morgan Chase & Co downgraded Jones Energy from an overweight rating to a neutral rating and set a $1.50 target price on the stock. in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Jones Energy currently has an average rating of Hold and a consensus target price of $3.96.

Jones Energy (JONE) traded down $0.06 during trading hours on Wednesday, reaching $1.14. The company’s stock had a trading volume of 1,313,800 shares, compared to its average volume of 1,095,875. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.87 and a current ratio of 0.56. Jones Energy has a 1-year low of $0.85 and a 1-year high of $5.34.

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In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 1,757,279 shares of company stock worth $2,542,204. Corporate insiders own 37.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of JONE. Wellington Management Group LLP boosted its holdings in Jones Energy by 376.9% during 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 acquiring an additional 1,144,613 shares during the period. Phoenix Investment Adviser LLC purchased a new position in Jones Energy during the 3rd quarter valued at $1,039,000. Goodman Financial Corp boosted its holdings in Jones Energy by 12.6% during 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 acquiring an additional 191,622 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Jones Energy by 358.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 177,531 shares of the oil and gas producer’s stock valued at $453,000 after acquiring an additional 138,766 shares during the period. Finally, Penn Capital Management Co. Inc. boosted its holdings in Jones Energy by 9.5% during 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 acquiring an additional 130,842 shares during the period. Institutional investors own 59.53% of the company’s stock.

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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