Stifel Nicolaus restated their buy rating on shares of Jones Energy Inc (NYSE:JONE) in a research report report published on Monday morning. Stifel Nicolaus currently has a $5.00 target price on the oil and gas producer’s stock.
A number of other equities research analysts have also commented on JONE. Zacks Investment Research raised Jones Energy from a hold rating to a buy rating and set a $5.50 price target for the company in a research report on Tuesday, January 3rd. SunTrust Banks, Inc. raised Jones Energy from a hold rating to a buy rating and set a $7.00 price target for the company in a research report on Tuesday, January 17th. Seaport Global Securities raised Jones Energy from an accumulate rating to a buy rating in a research report on Wednesday, February 1st. Finally, Iberia Capital reissued an outperform rating and issued a $9.00 price target on shares of Jones Energy in a research report on Monday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $4.71.
Shares of Jones Energy (NYSE:JONE) opened at 2.00 on Monday. The firm’s 50-day moving average is $2.53 and its 200 day moving average is $3.93. Jones Energy has a one year low of $1.91 and a one year high of $4.91. The firm’s market capitalization is $124.39 million.
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Jones Energy (NYSE:JONE) last issued its earnings results on Wednesday, March 8th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Jones Energy had a negative return on equity of 0.64% and a negative net margin of 10.70%. The company had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $44.66 million. During the same period last year, the business earned $0.03 EPS. Jones Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Jones Energy will post ($0.62) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its stake in shares of Jones Energy by 32.8% in the third quarter. California Public Employees Retirement System now owns 133,500 shares of the oil and gas producer’s stock valued at $475,000 after buying an additional 33,000 shares in the last quarter. Emerald Advisers Inc. PA acquired a new stake in shares of Jones Energy during the third quarter valued at about $122,000. Northpointe Capital LLC raised its stake in shares of Jones Energy by 133.5% in the third quarter. Northpointe Capital LLC now owns 389,407 shares of the oil and gas producer’s stock valued at $1,386,000 after buying an additional 222,607 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Jones Energy by 66.1% in the third quarter. Ameriprise Financial Inc. now owns 1,491,027 shares of the oil and gas producer’s stock valued at $5,308,000 after buying an additional 593,315 shares in the last quarter. Finally, Hilltop Park Associates LLC acquired a new stake in shares of Jones Energy during the third quarter valued at about $1,780,000.
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.
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