ValuEngine cut shares of Jones Energy (NYSE:JONE) from a sell rating to a strong sell rating in a research note released on Saturday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Jones Energy from a strong-buy rating to a hold rating in a report on Wednesday, October 25th. Barclays reduced their price target on Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a report on Monday, November 20th. Finally, Stephens cut Jones Energy from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Jones Energy currently has an average rating of Hold and a consensus target price of $3.75.

Jones Energy (NYSE JONE) traded down $0.05 on Friday, hitting $0.88. The stock had a trading volume of 1,260,000 shares, compared to its average volume of 1,560,000. 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 1-year low of $0.85 and a 1-year high of $4.91.

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the firm’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 value of $261,961.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,239,891 shares of company stock valued at $4,172,754 over the last three months. Insiders own 37.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Penn Capital Management Co. Inc. raised its holdings in Jones Energy by 9.5% during the second quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock worth $2,404,000 after purchasing an additional 130,842 shares during the last quarter. Geode Capital Management LLC raised its holdings in Jones Energy by 30.7% during the first quarter. Geode Capital Management LLC now owns 494,884 shares of the oil and gas producer’s stock worth $1,261,000 after purchasing an additional 116,385 shares during the last quarter. Goodman Financial Corp raised its holdings in Jones Energy by 12.6% during the second quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock worth $2,732,000 after purchasing an additional 191,622 shares during the last quarter. Columbia Pacific Advisors LLC raised its holdings in Jones Energy by 13.0% during the second quarter. Columbia Pacific Advisors LLC now owns 550,556 shares of the oil and gas producer’s stock worth $881,000 after purchasing an additional 63,500 shares during the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new position in Jones Energy during the third quarter worth $1,039,000. 59.41% of the stock is owned by hedge funds and other institutional investors.

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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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