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.