SunTrust Banks cut shares of Jones Energy (NYSE:JONE) from a buy rating to a hold rating in a research note released on Tuesday morning, MarketBeat.com reports. The firm currently has $1.00 price objective on the oil and gas producer’s stock. SunTrust Banks also issued estimates for Jones Energy’s Q4 2017 earnings at ($0.19) EPS, FY2017 earnings at ($0.24) EPS, FY2018 earnings at ($0.90) EPS, FY2019 earnings at ($0.75) EPS and FY2020 earnings at ($0.89) EPS.
A number of other research analysts have also weighed in on JONE. Zacks Investment Research raised Jones Energy from a hold rating to a buy rating and set a $2.00 price objective on the stock in a report on Wednesday, October 4th. Stephens lowered Jones Energy from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. ValuEngine raised Jones Energy from a sell rating to a hold rating in a report on Wednesday, September 27th. JPMorgan Chase & Co. lowered Jones Energy from a neutral rating to an underweight rating in a report on Friday, December 15th. Finally, Barclays dropped their price objective on Jones Energy from $1.50 to $0.50 and set an underweight rating on the stock in a report on Monday, November 20th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Jones Energy presently has an average rating of Hold and a consensus price target of $1.88.
Jones Energy (NYSE:JONE) traded down $0.03 during trading on Tuesday, hitting $1.17. The stock had a trading volume of 347,552 shares, compared to its average volume of 1,600,000. Jones Energy has a twelve month low of $0.73 and a twelve month high of $4.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $115.24, a PE ratio of -0.44 and a beta of 2.62.
In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 2,814,790 shares of company stock worth $3,481,504 in the last three months. 37.20% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers acquired a new stake in shares of Jones Energy during the second quarter valued at $104,000. Bank of America Corp DE boosted its stake in shares of Jones Energy by 382.6% during the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 32,554 shares during the last quarter. Q Global Advisors LLC acquired a new stake in shares of Jones Energy during the second quarter valued at $146,000. Parametric Portfolio Associates LLC boosted its stake in shares of Jones Energy by 140.6% during the second quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 58,507 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Jones Energy by 479.7% during the second quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock valued at $166,000 after acquiring an additional 85,831 shares during the last quarter. 59.30% of the stock is currently owned by institutional investors.
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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.
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