Jones Energy (JONE) Stock Rating Lowered by ValuEngine

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ValuEngine lowered shares of Jones Energy (NYSE:JONE) from a hold rating to a sell rating in a research report report published on Tuesday, May 29th.

Several other brokerages also recently commented on JONE. Zacks Investment Research downgraded Jones Energy from a hold rating to a sell rating in a research report on Tuesday, January 30th. Stephens restated a hold rating and set a $1.00 price objective on shares of Jones Energy in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $1.21.

NYSE JONE traded down $0.01 during trading on Tuesday, hitting $0.38. The company’s stock had a trading volume of 754,800 shares, compared to its average volume of 1,022,958. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.79. The company has a market cap of $42.69 million, a P/E ratio of -0.90 and a beta of 2.63. Jones Energy has a 52 week low of $0.35 and a 52 week high of $2.21.

Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.08). The business had revenue of $57.49 million during the quarter, compared to the consensus estimate of $54.23 million. Jones Energy had a negative return on equity of 9.77% and a negative net margin of 64.68%. sell-side analysts expect that Jones Energy will post -1.15 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. acquired a new position in shares of Jones Energy during the fourth quarter valued at $110,000. Goodman Financial Corp lifted its stake in shares of Jones Energy by 8.6% during the fourth quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock valued at $2,125,000 after acquiring an additional 153,572 shares during the period. Bank of Montreal Can lifted its stake in shares of Jones Energy by 8,977.4% during the fourth quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 230,000 shares during the period. Cambrian Capital Limited Partnership acquired a new position in shares of Jones Energy during the fourth quarter valued at $714,000. Finally, California Public Employees Retirement System lifted its stake in shares of Jones Energy by 46.1% during the fourth quarter. California Public Employees Retirement System now owns 790,881 shares of the oil and gas producer’s stock valued at $870,000 after acquiring an additional 249,561 shares during the period. 59.92% of the stock is currently owned by institutional investors and hedge funds.

Jones Energy Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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