Jones Energy, Inc. (JONE) Major Shareholder Sells $261,961.28 in Stock

Jones Energy, Inc. (NYSE:JONE) major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $1.66, for a total value of $261,961.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Metalmark Capital Ii Llc also recently made the following trade(s):

  • On Tuesday, October 10th, Metalmark Capital Ii Llc sold 71,772 shares of Jones Energy stock. The shares were sold at an average price of $1.60, for a total value of $114,835.20.
  • On Friday, October 6th, Metalmark Capital Ii Llc sold 124,212 shares of Jones Energy stock. The shares were sold at an average price of $1.59, for a total value of $197,497.08.
  • On Monday, October 9th, Metalmark Capital Ii Llc sold 38,801 shares of Jones Energy stock. The shares were sold at an average price of $1.61, for a total value of $62,469.61.
  • On Wednesday, October 4th, Metalmark Capital Ii Llc sold 143,081 shares of Jones Energy stock. The shares were sold at an average price of $1.62, for a total value of $231,791.22.

Jones Energy, Inc. (JONE) opened at 1.43 on Friday. The company’s market cap is $88.94 million. The firm’s 50-day moving average price is $1.39 and its 200-day moving average price is $1.70. Jones Energy, Inc. has a 52-week low of $0.85 and a 52-week high of $5.34.

Jones Energy (NYSE:JONE) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.30. The business had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The firm’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, equities analysts anticipate that Jones Energy, Inc. will post ($0.21) EPS for the current year.

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A number of research firms have commented on JONE. ValuEngine lowered Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Zacks Investment Research lowered Jones Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Seaport Global Securities lowered Jones Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $1.50 in a research report on Wednesday, June 21st. Finally, J P Morgan Chase & Co lowered Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target for the company. in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.96.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Jones Energy by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock worth $6,236,000 after purchasing an additional 66,526 shares during the last quarter. Goodman Financial Corp lifted its stake in Jones Energy by 12.6% in the second quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock worth $2,732,000 after purchasing an additional 191,622 shares during the last quarter. UBS Oconnor LLC lifted its stake in Jones Energy by 48.1% in the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock worth $4,058,000 after purchasing an additional 517,028 shares during the last quarter. Penn Capital Management Co. Inc. lifted its stake in Jones Energy by 9.5% in the second quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock worth $2,404,000 after purchasing an additional 130,842 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Jones Energy by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,460,000 shares of the oil and gas producer’s stock worth $3,724,000 after purchasing an additional 117,477 shares during the last quarter. 59.34% of the stock is owned by institutional investors and hedge funds.

Jones Energy Company Profile

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.

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