Jones Energy (JONE) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Jones Energy (NYSE:JONE) from a sell rating to a hold rating in a research report report published on Wednesday.

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 research analysts have also issued reports on JONE. ValuEngine raised shares of Jones Energy from a sell rating to a hold rating in a research note on Wednesday, September 27th. Stephens lowered shares of Jones Energy from an overweight rating to an equal weight rating in a research note on Wednesday, November 8th. Barclays reduced their price target on shares of Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a research note on Monday, November 20th. JPMorgan Chase & Co. lowered shares of Jones Energy from a neutral rating to an underweight rating in a research note on Friday, December 15th. Finally, SunTrust Banks lowered shares of Jones Energy from a buy rating to a hold rating and set a $1.00 price target for the company. in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $1.88.

Jones Energy (NYSE:JONE) traded down $0.02 during trading on Wednesday, reaching $1.22. 815,951 shares of the company’s stock were exchanged, compared to its average volume of 1,067,544. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $119.65, a price-to-earnings ratio of -0.43 and a beta of 2.63. Jones Energy has a 52-week low of $0.73 and a 52-week high of $4.74.

In other news, major shareholder Metalmark Capital Ii Llc sold 54,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $1.27, for a total value of $69,498.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 2,391,331 shares of company stock valued at $2,842,725. Company insiders own 37.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Jones Energy by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock worth $357,000 after acquiring an additional 1,328 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Jones Energy by 2.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock worth $247,000 after acquiring an additional 3,983 shares during the period. State Street Corp lifted its stake in shares of Jones Energy by 2.7% in the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after acquiring an additional 26,539 shares during the period. Northern Trust Corp lifted its stake in shares of Jones Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 735,081 shares of the oil and gas producer’s stock worth $1,176,000 after acquiring an additional 32,093 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Jones Energy by 17.3% during the second quarter. California Public Employees Retirement System now owns 373,595 shares of the oil and gas producer’s stock valued at $598,000 after purchasing an additional 55,198 shares during the last quarter. 59.30% of the stock is owned by institutional investors.

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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.

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