A statement released earlier today by Stifel about Jones Energy (NYSE:JONE) bumps the target price to $6.00
- Updated: October 9, 2016
Just yesterday Jones Energy (NYSE:JONE) traded -3.14% lower at $3.90. Jones Energy’s 50-day moving average is $3.11 and its 200-day moving average is $3.73. The last closing price is up 15.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,091,680 shares of JONE traded hands, up from an average trading volume of 1,478,670
In a report released on 10/05/2016 Stifel increased the stock price target of Jones Energy (NYSE:JONE) from $3.00 to $6.00 reporting a possible upside of 0.54%.
Recent Performance Chart
Jones Energy has 52 week low of $1.16 and a 52 week high of $5.84 with a PE ratio of 13.94 and has a market capitalization of $0.
In addition to Stifel reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $5.40 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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 1,020 gross producing wells.
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