Jones Energy Inc (JONE) Receives Average Recommendation of “Hold” from Analysts

Shares of Jones Energy Inc (NYSE:JONE) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of equities research analysts have commented on the company. ValuEngine raised Jones Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research cut Jones Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Finally, Stifel Nicolaus set a $14.00 price objective on Jones Energy and gave the company a “buy” rating in a research note on Wednesday, September 26th.

An institutional investor recently bought a new position in Jones Energy stock. Dimensional Fund Advisors LP acquired a new stake in Jones Energy Inc (NYSE:JONE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,392 shares of the oil and gas producer’s stock, valued at approximately $194,000. Dimensional Fund Advisors LP owned 0.63% of Jones Energy as of its most recent filing with the Securities & Exchange Commission.

NYSE JONE traded up $0.06 during trading hours on Monday, hitting $1.00. 93,203 shares of the company’s stock were exchanged, compared to its average volume of 120,001. Jones Energy has a 1-year low of $0.87 and a 1-year high of $580.00. The stock has a market capitalization of $10.95 million, a P/E ratio of -0.12 and a beta of 3.09. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.10 and a quick ratio of 1.10.

Jones Energy (NYSE:JONE) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported ($6.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($6.43) by ($0.34). Jones Energy had a negative net margin of 22.39% and a negative return on equity of 21.89%. The firm had revenue of $59.73 million during the quarter, compared to analyst estimates of $60.40 million. Equities analysts expect that Jones Energy will post -26.31 earnings per share for the current year.

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.

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Analyst Recommendations for Jones Energy (NYSE:JONE)

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