Jones Energy Inc (JONE) is Reiterated by Imperial Capital to Outperform, Lowers Price Target to $ 3.75

Jones Energy Inc (JONE) was Reiterated by Imperial Capital to “Outperform” while Lowering the Price Target of the company shares to $ 3.75 from a previous price target of $5.50 . Imperial Capital advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Jones Energy Inc. Shares were Downgraded by Barclays on Aug 10, 2016 to ” Underweight” and Lowered the Price Target to $ 3 from a previous price target of $3.50 .

On the company’s financial health, Jones Energy Inc reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.07. The company had revenue of $29.10 million for the quarter, compared to analysts expectations of $40.77 million. The company’s revenue was down -46.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.

Jones Energy Inc (JONE) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.92 and reached the intraday high at $2.925. The bulls started the profit booking and pushed the shares to intraday low of $2.65. The trading session was marked by a volume range of 1,98,10,282 shares exchanging hands. The 52-week high of the shares is $6.13 and the 52-week low is $1.155. The market cap of the company stands at $174 M and there are 6,26,91,648 shares in public circulation.

In a different news, on Jun 21, 2016, Robert J. Brooks (Executive VP & CFO) sold 5,000 shares at $4.31 per share price. According to the SEC, on Apr 20, 2016, Jeffrey Alan Tanner (Executive VP & CFO) sold 4,500 shares at $3.65 per share price. On Apr 20, 2016, Mike Mcconnell (President) sold 41,127 shares at $3.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Jones Energy Inc. is an independent oil and gas company engaged in the exploration development production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. The Company owns leasehold interests in oil and natural gas producing properties as well as in undeveloped acreage primarily located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Company’s operations in the Anadarko basin are primarily focused on the Cleveland formation along with the Tonkawa Marmaton Granite Wash Atoka shale and Cherokee shale formations located in the eastern portion of the Texas Panhandle and western Oklahoma. The Company’s properties in the Arkoma basin produce primarily from the Woodford formation. As of December 31 2014 the Company’s total estimated proved reserves were 115.3 million barrels of oil equivalent (MMBoe). As of December 31 2014 the Company’s properties included 947 gross producing wells.

Jones Energy Inc

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