Jones Energy, Inc. (NYSE:JONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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 firms also recently issued reports on JONE. ValuEngine downgraded Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Seaport Global Securities downgraded Jones Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $5.00 to $1.50 in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co downgraded Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price objective for the company. in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.00.

Shares of Jones Energy (NYSE:JONE) opened at 1.60 on Thursday. The firm’s market cap is $116.41 million. The company has a 50-day moving average of $1.34 and a 200 day moving average of $1.73. Jones Energy has a 52-week low of $0.85 and a 52-week high of $5.34.

Jones Energy (NYSE:JONE) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.30. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The firm’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, equities analysts expect that Jones Energy will post ($0.21) earnings per share for the current year.

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In other news, major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $1.62, for a total value of $231,791.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 37.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in JONE. Wellington Management Group LLP boosted its position in shares of Jones Energy by 376.9% during the first 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 buying an additional 1,144,613 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Jones Energy by 61.2% during the first quarter. Systematic Financial Management LP now owns 1,446,092 shares of the oil and gas producer’s stock valued at $3,688,000 after buying an additional 548,827 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Jones Energy by 55.2% during the first quarter. Ameriprise Financial Inc. now owns 1,459,533 shares of the oil and gas producer’s stock valued at $3,722,000 after buying an additional 518,836 shares during the last quarter. UBS Oconnor LLC boosted its position in shares of Jones Energy by 48.1% during the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock valued at $4,058,000 after buying an additional 517,028 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Jones Energy during the first quarter valued at $945,000. 59.34% of the stock is currently owned by institutional investors.

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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