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Seaport Global Securities recorded Jones Energy (US:JONE), lowering its target price to $1.50 today

Jones Energy (US:JONE) had its stock price target reduced to $1.50 by Seaport Global Securities in an issued report issued 6/21/2017. The dropped price target implies a possible downside of -0.09% based on the company's most recent stock price close.

Showing a price of $1.65, Jones Energy (US:JONE) traded 3.08% higher on the day. The last stock close price is down -27.88% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. The company has recorded a 50-day moving average of $1.17 and a 200-day moving average of $1.86. 6,911,579 shares of JONE traded, up from an avg. volume of 1,155,000

Performance Chart

Jones Energy (US:JONE)

With a total market value of $0, Jones Energy has with a one year low of $0.85 and a one year high of $5.34 .

A total of 10 firms have issued a ratings update on Jones Energy. zero brokerages rating the stock a strong buy, 4 brokers rating the stock a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $5.40.

Brief Synopsis About Jones Energy (US: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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