Jones Energy Inc (NYSE:JONE) has been given a consensus recommendation of “Buy” by the nine analysts that are covering the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.31.
Several equities analysts recently issued reports on JONE shares. Stephens started coverage on shares of Jones Energy in a report on Friday, December 16th. They issued an “overweight” rating on the stock. Iberia Capital restated an “outperform” rating and issued a $9.00 target price on shares of Jones Energy in a report on Monday, December 19th. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, January 3rd. SunTrust Banks, Inc. upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Tuesday, January 17th. Finally, Seaport Global Securities upgraded shares of Jones Energy from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st.
Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in Jones Energy during the fourth quarter worth $3,320,000. Wells Fargo & Company MN raised its stake in Jones Energy by 7,447.7% in the third quarter. Wells Fargo & Company MN now owns 1,324,620 shares of the company’s stock worth $4,716,000 after buying an additional 1,307,070 shares in the last quarter. Marshall Wace LLP acquired a new stake in Jones Energy during the fourth quarter worth $3,233,000. Ameriprise Financial Inc. raised its stake in Jones Energy by 66.1% in the third quarter. Ameriprise Financial Inc. now owns 1,491,027 shares of the company’s stock worth $5,308,000 after buying an additional 593,315 shares in the last quarter. Finally, UBS Oconnor LLC raised its stake in Jones Energy by 133.7% in the third quarter. UBS Oconnor LLC now owns 994,248 shares of the company’s stock worth $3,540,000 after buying an additional 568,874 shares in the last quarter.
Shares of Jones Energy (NYSE:JONE) opened at 2.75 on Tuesday. The firm has a 50-day moving average price of $3.67 and a 200-day moving average price of $4.04. Jones Energy has a 52 week low of $2.30 and a 52 week high of $4.91. The stock’s market cap is $171.03 million.
Jones Energy (NYSE:JONE) last released its earnings results on Wednesday, March 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The business had revenue of $39.50 million for the quarter, compared to analyst estimates of $44.66 million. Jones Energy had a negative net margin of 10.70% and a negative return on equity of 0.64%. Jones Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, analysts forecast that Jones Energy will post ($0.62) earnings per share for the current fiscal year.
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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.
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