A statement released earlier today by Imperial Capital about Jones Energy (NYSE:JONE) bumps down the target price to $3.75
- Updated: September 17, 2016
Imperial Capital lowered the price target of Jones Energy (NYSE:JONE) to $4, indicating a possible upside of 0.35%.
Previously on 8/10/2016, Barclays released a statement for Jones Energy(NYSE:JONE) lowered the target price from $3.50 to $3.00. At the time, this suggested a downside of -0.14%.
Yesterday Jones Energy (NYSE:JONE) traded 1.72% higher at $2.77. Jones Energy’s 50-day moving average is $3.18 and its two hundred day moving average is $3.68. With the last close down 19.67% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 1,045,683 shares of JONE traded, down from ann average trading volume of 1,097,820.
Recent Performance Graph:
Jones Energy has a 52 week low of $1.16 and a 52 week high of $6.05 with a P/E ratio of 10 and has a market cap of $0.0.
Also covering Jones Energy’s stock price target, a total of 10 analysts have issued a report on Jones Energy. The consensus target is $5.40 with 0 rating the stock a strong buy, four analysts rating the stock a buy, eight firms rating the stock a hold, 0 rating the stock to underperform, and lastly one analystrating the company as sell.
More About Jones Energy (NYSE:JONE)
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. The Company’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Company’s natural gas is sold at delivery points at or near producing wells to natural gas gathering and marketing companies. Its total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe). Approximately 25% of its total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. Its properties include over 1, and 020 gross producing wells.
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