Jones Energy (NYSE:JONE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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 equities analysts have also issued reports on JONE. ValuEngine lowered Jones Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus set a $14.00 price objective on Jones Energy and gave the stock a “buy” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.13.

NYSE:JONE opened at $0.95 on Wednesday. The company has a market cap of $10.95 million, a PE ratio of -0.11 and a beta of 3.09. Jones Energy has a 52 week low of $0.87 and a 52 week high of $580.00. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.10 and a quick ratio of 1.10.

Jones Energy (NYSE:JONE) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported ($6.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($6.43) by ($0.34). Jones Energy had a negative return on equity of 21.89% and a negative net margin of 22.39%. The business had revenue of $59.73 million during the quarter, compared to the consensus estimate of $60.40 million. Equities research analysts anticipate that Jones Energy will post -26.31 EPS for the current year.

A hedge fund recently raised its stake in Jones Energy stock. Wolverine Asset Management LLC increased its holdings in Jones Energy Inc (NYSE:JONE) by 249,244.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775,461 shares of the oil and gas producer’s stock after buying an additional 775,150 shares during the quarter. Wolverine Asset Management LLC owned about 0.76% of Jones Energy worth $288,000 at the end of the most recent reporting period.

About Jones Energy

Jones Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent United States. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko Basin in Oklahoma and Texas.

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