J P Morgan Chase & Co Lowers Jones Energy (JONE) to Underweight

J P Morgan Chase & Co lowered shares of Jones Energy (NYSE:JONE) from a neutral rating to an underweight rating in a research note released on Friday, MarketBeat Ratings reports.

Several other analysts have also issued reports on JONE. ValuEngine upgraded shares of Jones Energy from a sell rating to a hold rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Jones Energy from a hold rating to a buy rating and set a $2.00 price target on the stock in a research report on Wednesday, October 4th. Stephens lowered shares of Jones Energy from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. Finally, Barclays cut their target price on shares of Jones Energy from $1.50 to $0.50 and set an underweight rating on the stock in a research report on Monday, November 20th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Jones Energy presently has an average rating of Hold and an average price target of $3.75.

Shares of Jones Energy (JONE) opened at $0.89 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a 52-week low of $0.73 and a 52-week high of $5.25.

In other news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $1.01, for a total transaction of $63,610.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,239,891 shares of company stock valued at $4,172,754 in the last ninety days. Insiders own 37.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. Penn Capital Management Co. Inc. grew its holdings 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 valued at $2,404,000 after buying an additional 130,842 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Jones Energy by 30.7% during the first quarter. Geode Capital Management LLC now owns 494,884 shares of the oil and gas producer’s stock worth $1,261,000 after purchasing an additional 116,385 shares during the last quarter. Goodman Financial Corp boosted its holdings in 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 last quarter. Contrarian Capital Management L.L.C. purchased a new position in Jones Energy during the third quarter worth about $1,430,000. Finally, Columbia Pacific Advisors LLC boosted its holdings in Jones Energy by 13.0% during the second quarter. Columbia Pacific Advisors LLC now owns 550,556 shares of the oil and gas producer’s stock worth $881,000 after purchasing an additional 63,500 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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