A statement released earlier today by Stifel Nicolaus about Jones Energy Inc (NYSE:JONE) bumps the target price to $6.00
- Updated: October 9, 2016
Reporting a possible upside of 0.54%, Stifel Nicolaus bumped up the target of Jones Energy Inc (NYSE:JONE) to $6.00
Having a price of $3.90, Jones Energy Inc (NYSE:JONE) traded -3.14% lower on the day. With the last stock price up 15.67% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. JONE has recorded a 50-day average of $3.11 and a two hundred day average of $3.73. Trade Volume was up over the average, with 2,091,680 shares of JONE changing hands over the typical 1,478,670
Recent Performance Chart
Jones Energy Inc has PE ratio of 13.94 with a one year low of $1.16 and a one year high of $5.84 and has a market capitalization of $0.
A total of 10 brokerages have issued a ratings update on Jones Energy Inc. zero brokerages rating the company a strong buy, four brokerages rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $5.40.
General Company Details For Jones Energy Inc (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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