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Seaport Global Securities downgraded Jones Energy Inc (NYSE:JONE) to Neutral in a report released today.

Seaport Global Securities has downgraded Jones Energy Inc (NYSE:JONE) to Neutral in a report released on 6/21/2017.

Yesterday Jones Energy Inc (NYSE:JONE) traded 3.08% higher at $1.65. The company’s 50-day moving average is $1.17 and its 200-day moving average is $1.86. The last closing price is down -27.88% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 6,911,579 shares of the stock traded hands, up from an average trading volume of 1,155,000

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Jones Energy Inc (NYSE:JONE)

Jones Energy Inc has a with a 52 week low of $0.85 and a one year high of $5.34 JONE’s total market value is presently $0.

A total of 10 brokerages have issued a research note on the company. 0 analysts rating the company a strong buy, four analysts rating the company a buy, eight analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the stock a sell with a average stock price target of $5.40.

General Information About 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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