Barclays Lowers Jones Energy (NYSE:JONE) Price Target to $0.50

Jones Energy (NYSE:JONE) had its target price decreased by investment analysts at Barclays from $1.50 to $0.50 in a research report issued to clients and investors on Monday, November 20th. The firm presently has an “underweight” rating on the oil and gas producer’s stock. Barclays’ price objective points to a potential downside of 45.65% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Stephens cut shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $3.75.

Jones Energy (NYSE JONE) traded down $0.07 during trading on Monday, hitting $0.92. 1,617,091 shares of the stock were exchanged, compared to its average volume of 1,159,917. Jones Energy has a 12-month low of $0.85 and a 12-month high of $5.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56.

In related news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 3,239,891 shares of company stock valued at $4,172,754. 37.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in Jones Energy by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock valued at $357,000 after purchasing an additional 1,328 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Jones Energy by 2.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock valued at $247,000 after acquiring an additional 3,983 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Jones Energy by 11.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 4,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jones Energy by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 264,229 shares of the oil and gas producer’s stock valued at $674,000 after acquiring an additional 21,223 shares during the last quarter. Finally, Parkwood LLC boosted its holdings in shares of Jones Energy by 15.3% in the 2nd quarter. Parkwood LLC now owns 172,800 shares of the oil and gas producer’s stock valued at $276,000 after acquiring an additional 22,950 shares during the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.

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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.

Analyst Recommendations for Jones Energy (NYSE:JONE)

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