SunTrust Robinson Has Just Reported a Downgrade of Jones Energy (NYSE:JONE) with a $1.0 Target

April 22, 2018 - By Peter Erickson

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.30, from 1.11 in 2017Q3. It is positive, as 17 investors sold Jones Energy, Inc. shares while 12 reduced holdings. 13 funds opened positions while 28 raised stakes. 58.00 million shares or 2.73% more from 56.45 million shares in 2017Q3 were reported.

Cambrian Lp holds 649,200 shares or 0.87% of its portfolio. Northern Trust holds 0% or 774,021 shares. Geode Cap Limited Company has invested 0% in Jones Energy, Inc. (NYSE:JONE). 203,300 were accumulated by Silverback Asset Management Limited Liability Co. Palisade Ltd Nj reported 76,700 shares. State Street Corp stated it has 0% in Jones Energy, Inc. (NYSE:JONE). Magnetar Fincl Ltd Liability Corporation holds 0.01% of its portfolio in Jones Energy, Inc. (NYSE:JONE) for 372,971 shares. Legal General Gru Pcl accumulated 13,997 shares. California Public Employees Retirement invested in 790,881 shares or 0% of the stock. Balyasny Asset Limited Com reported 300,000 shares. Jvl Ltd Limited Liability Company accumulated 7.07% or 17.87M shares. Grp Inc One Trading Lp invested 0% of its portfolio in Jones Energy, Inc. (NYSE:JONE). 515,700 are held by Whitebox Limited Company. The Washington-based Parametric Port Associates Ltd Liability Com has invested 0% in Jones Energy, Inc. (NYSE:JONE). Susquehanna Intl Gru Ltd Liability Partnership owns 37,688 shares for 0% of their portfolio.

Since October 24, 2017, it had 0 insider buys, and 3 sales for $221,496 activity.

Jones Energy (NYSE:JONE) Receives a Downgrade

SunTrust Robinson has just decreased their rating on shares of Jones Energy (NYSE:JONE) to a Hold and currently has a $1.0 target price per share on the stock. This was issued to clients and investors in an analyst report on Tuesday morning.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.30, from 1.11 in 2017Q3. It is positive, as 17 investors sold Jones Energy, Inc. shares while 12 reduced holdings. 13 funds opened positions while 28 raised stakes. 58.00 million shares or 2.73% more from 56.45 million shares in 2017Q3 were reported.

Cambrian Lp holds 649,200 shares or 0.87% of its portfolio. Northern Trust holds 0% or 774,021 shares. Geode Cap Limited Company has invested 0% in Jones Energy, Inc. (NYSE:JONE). 203,300 were accumulated by Silverback Asset Management Limited Liability Co. Palisade Ltd Nj reported 76,700 shares. State Street Corp stated it has 0% in Jones Energy, Inc. (NYSE:JONE). Magnetar Fincl Ltd Liability Corporation holds 0.01% of its portfolio in Jones Energy, Inc. (NYSE:JONE) for 372,971 shares. Legal General Gru Pcl accumulated 13,997 shares. California Public Employees Retirement invested in 790,881 shares or 0% of the stock. Balyasny Asset Limited Com reported 300,000 shares. Jvl Ltd Limited Liability Company accumulated 7.07% or 17.87M shares. Grp Inc One Trading Lp invested 0% of its portfolio in Jones Energy, Inc. (NYSE:JONE). 515,700 are held by Whitebox Limited Company. The Washington-based Parametric Port Associates Ltd Liability Com has invested 0% in Jones Energy, Inc. (NYSE:JONE). Susquehanna Intl Gru Ltd Liability Partnership owns 37,688 shares for 0% of their portfolio.

Since October 24, 2017, it had 0 insider buys, and 3 sales for $221,496 activity.

Jones Energy, Inc. (NYSE:JONE) Ratings Coverage

Among 7 analysts covering Jones Energy (NYSE:JONE), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Jones Energy has $1.0 highest and $0.5 lowest target. $0.75’s average target is 19.05% above currents $0.63 stock price. Jones Energy had 8 analyst reports since November 8, 2017 according to SRatingsIntel. The company was downgraded on Wednesday, November 8 by Stephens. As per Tuesday, January 2, the company rating was downgraded by Suntrust Robinson. SunTrust downgraded the shares of JONE in report on Tuesday, January 2 to “Hold” rating. The firm has “Hold” rating by Noble Financial given on Thursday, November 9. Stephens maintained Jones Energy, Inc. (NYSE:JONE) rating on Tuesday, March 13. Stephens has “Hold” rating and $1.0 target. JP Morgan downgraded the shares of JONE in report on Friday, December 15 to “Underweight” rating. The firm has “Sell” rating by J.P. Morgan given on Friday, December 15. Barclays Capital maintained the stock with “Underweight” rating in Monday, November 20 report.

The stock decreased 9.69% or $0.07 during the last trading session, reaching $0.63. About 996,237 shares traded. Jones Energy, Inc. (NYSE:JONE) has declined 62.44% since April 22, 2017 and is downtrending. It has underperformed by 73.99% the S&P500.

Analysts await Jones Energy, Inc. (NYSE:JONE) to report earnings on May, 2. They expect $-0.24 earnings per share, down 2,500.00 % or $0.25 from last year’s $0.01 per share. After $-0.33 actual earnings per share reported by Jones Energy, Inc. for the previous quarter, Wall Street now forecasts -27.27 % EPS growth.

Jones Energy, Inc., an independent oil and gas company, acquires, explores for, develops, and produces oil and natural gas properties in the mid-continent region of the United States. The company has market cap of $64.05 million. 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. It currently has negative earnings. As of December 31, 2015, the companyÂ’s total estimated proved reserves included 105.2 million barrels of oil equivalent.

Jones Energy, Inc. (NYSE:JONE) Institutional Positions Chart

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