Jones Energy, Inc. (NYSE:JONE) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report released on Thursday, July 20th, Marketbeat Ratings reports. They currently have a $1.50 price target on the oil and gas producer’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 7.14% from the company’s previous close.
A number of other research analysts have also recently commented on JONE. Stifel Nicolaus reissued a “buy” rating and issued a $5.00 target price on shares of Jones Energy in a report on Monday, April 17th. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Wednesday, April 19th. Barclays PLC reissued an “underweight” rating and issued a $2.00 target price (down previously from $3.00) on shares of Jones Energy in a report on Saturday, April 22nd. Finally, Seaport Global Securities cut shares of Jones Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $1.50 in a report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Jones Energy presently has an average rating of “Hold” and an average price target of $3.91.
Shares of Jones Energy (NYSE:JONE) opened at 1.40 on Thursday. Jones Energy has a 52-week low of $1.30 and a 52-week high of $4.91. The stock’s 50 day moving average is $1.52 and its 200-day moving average is $2.55. The firm’s market capitalization is $91.75 million.
Jones Energy (NYSE:JONE) last announced 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 firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.08%. The business’s revenue for the quarter was up 67.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, equities analysts forecast that Jones Energy will post ($0.46) earnings per share for the current fiscal year.
In other Jones Energy news, VP Eric Niccum sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $1.91, for a total transaction of $76,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mike Mcconnell sold 38,927 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $1.95, for a total transaction of $75,907.65. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Jones Energy by 0.4% in the fourth quarter. Guggenheim Capital LLC now owns 111,558 shares of the oil and gas producer’s stock valued at $558,000 after buying an additional 414 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Jones Energy by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock valued at $357,000 after buying an additional 1,328 shares during the period. Highbridge Capital Management LLC increased its stake in shares of Jones Energy by 4.3% in the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 1,735 shares during the period. Parametric Portfolio Associates LLC increased its stake in Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 4,170 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Jones Energy by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 150,239 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 5,947 shares during the last quarter.
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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