Jones Energy (JONE) Bonds Drop 2% During Trading

An issue of Jones Energy Inc (NYSE:JONE) bonds fell 2% against their face value during trading on Friday. The high-yield debt issue has a 9.25% coupon and is set to mature on March 15, 2023. The debt is now trading at $94.00 and was trading at $95.97 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Stephens reaffirmed a “hold” rating and set a $1.00 price target on shares of Jones Energy in a research note on Thursday, March 15th. Finally, SunTrust Banks downgraded shares of Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.75.

Jones Energy Inc (NYSE:JONE) traded down $0.02 during mid-day trading on Friday, hitting $0.91. 1,039,691 shares of the stock traded hands, compared to its average volume of 960,226. The company has a market capitalization of $98.69, a P/E ratio of -0.49 and a beta of 2.66. Jones Energy Inc has a 12-month low of $0.73 and a 12-month high of $2.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.63.

Jones Energy (NYSE:JONE) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas producer reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.13). The business had revenue of $54.51 million for the quarter, compared to the consensus estimate of $55.17 million. Jones Energy had a negative net margin of 57.54% and a negative return on equity of 4.41%. sell-side analysts expect that Jones Energy Inc will post -0.94 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Goodman Financial Corp increased its position in shares of Jones Energy by 8.6% during the fourth quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock worth $2,125,000 after buying an additional 153,572 shares during the period. Country Club Trust Company n.a. increased its position in shares of Jones Energy by 104.7% during the fourth quarter. Country Club Trust Company n.a. now owns 440,000 shares of the oil and gas producer’s stock worth $484,000 after buying an additional 225,000 shares during the period. Bank of Montreal Can increased its position in shares of Jones Energy by 8,977.4% during the fourth quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 230,000 shares during the period. Q Global Advisors LLC increased its position in shares of Jones Energy by 4,993.7% during the third quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock worth $8,953,000 after buying an additional 4,571,577 shares during the period. Finally, Contrarian Capital Management L.L.C. acquired a new stake in shares of Jones Energy during the third quarter worth $1,430,000. Institutional investors own 59.05% of the company’s stock.

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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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