ValuEngine Lowers Jones Energy (JONE) to Strong Sell

ValuEngine lowered shares of Jones Energy (NYSE:JONE) from a sell rating to a strong sell rating in a report issued on Saturday, December 9th.

JONE has been the subject of several other reports. Zacks Investment Research downgraded Jones Energy from a strong-buy rating to a hold rating in a report on Wednesday, October 25th. Stephens downgraded Jones Energy from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. Finally, Barclays decreased their price objective on Jones Energy from $1.50 to $0.50 and set an underweight rating for the company in a report on Monday, November 20th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $1.88.

Shares of Jones Energy (JONE) traded down $0.03 during trading on Friday, hitting $1.07. The company’s stock had a trading volume of 1,317,636 shares, compared to its average volume of 1,216,600. Jones Energy has a 12 month low of $0.73 and a 12 month high of $5.20. The company has a market capitalization of $104.94, a P/E ratio of -0.40 and a beta of 2.62. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07.

In other news, major shareholder Metalmark Capital Ii Llc sold 322,645 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $1.28, for a total value of $412,985.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 3,239,891 shares of company stock valued at $4,172,754. Insiders own 37.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Q Global Advisors LLC increased its stake in shares of Jones Energy by 4,993.7% during the third quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock worth $8,953,000 after purchasing an additional 4,571,577 shares during the period. Vanguard Group Inc. increased its stake in shares of Jones Energy by 2.8% during the first quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock worth $6,236,000 after purchasing an additional 66,526 shares during the period. Goodman Financial Corp increased its stake in shares of Jones Energy by 12.6% during the second quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock worth $2,732,000 after purchasing an additional 191,622 shares during the period. Penn Capital Management Co. Inc. increased its stake in shares of Jones Energy by 9.5% during the second quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock worth $2,404,000 after purchasing an additional 130,842 shares during the period. Finally, State Street Corp increased its stake in shares of Jones Energy by 2.7% during the second quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after purchasing an additional 26,539 shares during the period. Institutional investors own 59.30% of the company’s stock.

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Jones Energy Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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