UPDATE: Jefferies Initiates Coverage on Jones Energy with Buy Rating, $19 PT on Multiple Positive Factors

In a report published Thursday, Jefferies analyst Biju Z. Perincheril initiated coverage on Jones Energy JONE with a Buy rating and $19.00 price target. In the report, Jefferies noted, “Jones Energy offers investors an attractive value name with good growth visibility and a strong balance sheet. The company is poised to take advantage of acquisition opportunities in the Mid-Continent region with a strong operational track record, balance sheet capacity, and a capex program within cash flow.” Jones Energy closed on Wednesday at $15.05.
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Posted In: Analyst ColorInitiationAnalyst RatingsBiju Z. PerincherilJefferies
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