Analysts Set Jones Energy Inc. (NYSE:JONE) PT at $4.35
Jones Energy Inc. (NYSE:JONE) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.35.
Several research firms recently issued reports on JONE. Barclays PLC lowered their price objective on Jones Energy from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Friday, August 26th. Zacks Investment Research cut Jones Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 26th. Imperial Capital lowered their price target on Jones Energy from $5.50 to $3.75 and set an “outperform” rating on the stock in a report on Monday, August 22nd. Finally, Seaport Global Securities started coverage on Jones Energy in a report on Tuesday, August 30th. They set an “accumulate” rating and a $3.50 price target on the stock.
In related news, major shareholder Advisors L.L.C. Jvl bought 9,025,270 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average cost of $2.77 per share, with a total value of $24,999,997.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 50.10% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Jones Energy by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,262 shares of the company’s stock worth $331,000 after buying an additional 1,344 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Jones Energy by 589.3% in the second quarter. AQR Capital Management LLC now owns 122,782 shares of the company’s stock worth $506,000 after buying an additional 104,969 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Jones Energy by 14.6% in the second quarter. Parametric Portfolio Associates LLC now owns 100,616 shares of the company’s stock worth $415,000 after buying an additional 12,798 shares during the last quarter. UBS Oconnor LLC raised its stake in shares of Jones Energy by 32.6% in the second quarter. UBS Oconnor LLC now owns 403,770 shares of the company’s stock worth $1,664,000 after buying an additional 99,286 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Jones Energy by 91.9% in the second quarter. Teachers Advisors Inc. now owns 55,606 shares of the company’s stock worth $229,000 after buying an additional 26,626 shares during the last quarter. 71.91% of the stock is currently owned by institutional investors.
Jones Energy (NYSE:JONE) opened at 3.56 on Thursday. The stock has a market capitalization of $116.84 million, a PE ratio of 11.48 and a beta of 3.07. The stock has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.71. Jones Energy has a 12 month low of $1.16 and a 12 month high of $6.05.
Jones Energy (NYSE:JONE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.04. The business earned $29.10 million during the quarter, compared to the consensus estimate of $44.03 million. Jones Energy had a net margin of 6.80% and a negative return on equity of 0.73%. The business’s revenue was down 46.0% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. On average, equities research analysts forecast that Jones Energy will post ($0.24) earnings per share for the current fiscal year.
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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