Jones Energy (JONE) Shares Up -23.3%

Jones Energy Inc (NYSE:JONE) shares shot up 23.3% on Tuesday . The stock traded as high as $6.70 and last traded at $7.32. 75,756 shares traded hands during trading, a decline of 14% from the average session volume of 87,931 shares. The stock had previously closed at $9.54.

Several research firms have recently weighed in on JONE. Stifel Nicolaus set a $14.00 price objective on shares of Jones Energy and gave the stock a “buy” rating in a research note on Wednesday. ValuEngine upgraded shares of Jones Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Seaport Global Securities restated a “neutral” rating on shares of Jones Energy in a research note on Wednesday, July 25th. Finally, Zacks Investment Research lowered shares of Jones Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Jones Energy presently has a consensus rating of “Hold” and an average target price of $14.80.

The company has a market capitalization of $33.53 million, a price-to-earnings ratio of -0.76 and a beta of 2.72. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.94.

Jones Energy (NYSE:JONE) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($5.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.40) by ($0.40). Jones Energy had a negative net margin of 38.28% and a negative return on equity of 16.15%. The company had revenue of $65.26 million during the quarter, compared to analyst estimates of $56.57 million. equities research analysts forecast that Jones Energy Inc will post -31.49 EPS for the current year.

In related news, VP Robert J. Brooks sold 285,511 shares of the company’s stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $0.38, for a total value of $108,494.18. Following the transaction, the vice president now owns 311,004 shares in the company, valued at approximately $118,181.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 32.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in JONE. Wolverine Asset Management LLC grew its stake in Jones Energy by 249,244.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 775,150 shares during the last quarter. Marathon Asset Management LP acquired a new position in Jones Energy in the 1st quarter valued at about $1,430,000. Finally, Q Global Advisors LLC grew its stake in Jones Energy by 3.2% in the 1st quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock valued at $3,876,000 after buying an additional 151,840 shares during the last quarter.

Jones Energy Company Profile (NYSE:JONE)

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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