Jones Energy (JONE) has risen sharply, recording gains of 6.86% in the past 4 weeks. However, the stock has corrected -8.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 12.46%.The 200 Day SMA reached 13.41% Jones Energy, Inc. has dropped 30.35% during the last 3-month period . Year-to-Date the stock performance stands at -23.12%.
Jones Energy (JONE) : The most positive equity analysts on Jones Energy (JONE) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $4.79 with an expected fluctuation of $2.68 from the mean.
Company shares have received an average consensus rating of Hold for the current week Jones Energy (NYSE:JONE): The stock opened at $2.87 and touched an intraday high of $2.96 on Friday. During the day, the stock corrected to an intraday low of $2.78, however, the bulls stepped in and pushed the price higher to close in the green at $2.96 with a gain of 1.72% for the day. The total traded volume for the day was 1,045,683. The stock had closed at $2.96 in the previous trading session.
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 Companys 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 Companys properties in the Arkoma basin produce primarily from the Woodford formation. As of December 31, 2014, the Companys total estimated proved reserves were 115.3 million barrels of oil equivalent (MMBoe). As of December 31, 2014, the Companys properties included 947 gross producing wells.