In a report released today, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Jones Energy (NYSE: JONE), with a price target of $14. The company’s shares closed yesterday at $6.99, close to its 52-week low of $4.04.
According to TipRanks.com, Whitfield is a 3-star analyst with an average return of 2.9% and a 58.5% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Northern Oil And Gas, and Devon Energy Corp.
Currently, the analyst consensus on Jones Energy is a Moderate Buy with an average price target of $14.
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The company has a one-year high of $44.17 and a one-year low of $4.04. Currently, Jones Energy has an average volume of 1.25M.
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Jones Energy, Inc. is an independent oil and natural gas company, which engages in the exploration, development, production, and acquisition of oil and natural gas. Its development operations are focuses on horizontal drilling and completions within two distinct basins in the Texas Panhandle and Oklahoma.
