Stephens downgraded shares of Jones Energy, Inc. (NYSE:JONE) from an overweight rating to an equal weight rating in a report issued on Wednesday, November 8th, MarketBeat.com reports.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Jones Energy from a hold rating to a buy rating and set a $2.00 price objective on the stock in a report on Wednesday, October 4th. ValuEngine raised shares of Jones Energy from a sell rating to a hold rating in a research report on Wednesday, September 27th. Finally, J P Morgan Chase & Co cut shares of Jones Energy from an overweight rating to a neutral rating and set a $1.50 target price for the company. in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Jones Energy currently has a consensus rating of Hold and an average target price of $3.75.
Shares of Jones Energy (NYSE JONE) traded down $0.04 during trading hours on Wednesday, hitting $1.04. 834,900 shares of the stock traded hands, compared to its average volume of 1,122,984. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a 12 month low of $0.85 and a 12 month high of $5.34.
In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $1.66, for a total value of $261,961.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,304,924 shares of company stock valued at $3,189,190 over the last three months. 37.20% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of JONE. Cetera Investment Advisers acquired a new position in Jones Energy during the second quarter worth $104,000. Bank of America Corp DE grew its holdings in shares of Jones Energy by 382.6% during the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 32,554 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Jones Energy by 11.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 4,170 shares during the last quarter. Highbridge Capital Management LLC grew its holdings in shares of Jones Energy by 4.3% during the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 1,735 shares during the last quarter. Finally, Q Global Advisors LLC acquired a new stake in Jones Energy in the second quarter valued at about $146,000. Institutional investors own 54.86% 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.
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