Jones Energy (JONE) Shares Gap Up to $7.85

Jones Energy Inc (NYSE:JONE) gapped up before the market opened on Wednesday . The stock had previously closed at $6.50, but opened at $7.85. Jones Energy shares last traded at $6.97, with a volume of 16181 shares changing hands.

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

The stock has a market capitalization of $35.95 million, a price-to-earnings ratio of -0.78 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) earnings per share for the quarter, missing the consensus estimate of ($5.40) by ($0.40). Jones Energy had a negative return on equity of 16.15% and a negative net margin of 38.28%. The business had revenue of $65.26 million during the quarter, compared to the consensus estimate of $56.57 million. equities analysts forecast that Jones Energy Inc will post -31.49 earnings per share for the current fiscal year.

In other Jones Energy news, VP Robert J. Brooks sold 285,511 shares of the business’s stock in a transaction on Wednesday, July 11th. The shares were sold at an average price of $0.38, for a total transaction of $108,494.18. Following the transaction, the vice president now owns 311,004 shares in the company, valued at $118,181.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC increased its position in Jones Energy by 249,244.4% during the second quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock valued at $288,000 after acquiring an additional 775,150 shares during the last quarter. Q Global Advisors LLC increased its position in Jones Energy by 3.2% during the first 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 acquiring an additional 151,840 shares during the last quarter. Finally, Marathon Asset Management LP bought a new position in Jones Energy during the first quarter valued at $1,430,000.

About Jones Energy (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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