Crusader Energy Group, LLC (NYSE:JONE)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $0.44 and last traded at $0.50, with a volume of 22608 shares changing hands. The stock had previously closed at $0.52.
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Crusader Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. ValuEngine lowered Crusader Energy Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Finally, Stephens reaffirmed a “hold” rating and set a $1.00 price target on shares of Crusader Energy Group in a research note on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $1.21.
Get Crusader Energy Group alerts:The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.69 and a current ratio of 1.69.
Crusader Energy Group (NYSE:JONE) last released its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.08). The company had revenue of $57.49 million for the quarter, compared to the consensus estimate of $54.23 million. Crusader Energy Group had a negative return on equity of 9.77% and a negative net margin of 64.68%. equities research analysts forecast that Crusader Energy Group, LLC will post -1.12 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JONE. Marathon Asset Management LP bought a new stake in shares of Crusader Energy Group during the 1st quarter worth $1,430,000. Brookfield Asset Management Inc. boosted its stake in shares of Crusader Energy Group by 57.6% during the 4th quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock worth $2,640,000 after acquiring an additional 877,268 shares in the last quarter. Cambrian Capital Limited Partnership bought a new stake in shares of Crusader Energy Group during the 4th quarter worth $714,000. California Public Employees Retirement System boosted its stake in shares of Crusader Energy Group by 46.1% during the 4th quarter. California Public Employees Retirement System now owns 790,881 shares of the oil and gas producer’s stock worth $870,000 after acquiring an additional 249,561 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Crusader Energy Group by 8,977.4% during the 4th quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock worth $256,000 after acquiring an additional 230,000 shares in the last quarter. 59.77% of the stock is owned by institutional investors and hedge funds.
Crusader Energy Group Company Profile
Jones Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent United States. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko Basin in Oklahoma and Texas.
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