Jones Energy, Inc. (JONE) Sees Large Growth in Short Interest

Jones Energy, Inc. (NYSE:JONE) saw a significant increase in short interest in September. As of September 29th, there was short interest totalling 20,213,461 shares, an increase of 22.9% from the September 15th total of 16,444,111 shares. Currently, 39.2% of the shares of the company are sold short. Based on an average daily volume of 1,746,997 shares, the days-to-cover ratio is presently 11.6 days.

JONE has been the subject of several research reports. Zacks Investment Research raised Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Tuesday, July 18th. JPMorgan Chase & Co. downgraded Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target on the stock. in a research note on Thursday, July 20th. Finally, ValuEngine upgraded Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $3.96.

Jones Energy (NYSE JONE) opened at 1.18 on Friday. The stock’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.63. The company’s market capitalization is $85.85 million. Jones Energy has a 12-month low of $0.85 and a 12-month high of $5.34.

Jones Energy (NYSE:JONE) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.30. The firm had revenue of $48.60 million during the quarter, compared to analyst estimates of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. Jones Energy’s revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, equities analysts anticipate that Jones Energy will post ($0.25) EPS for the current fiscal year.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,207,291 shares of company stock valued at $1,814,494. 37.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Jones Energy by 382.6% during the 1st quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 32,554 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Jones Energy by 11.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 4,170 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of Jones Energy by 4.3% during the 1st quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock valued at $108,000 after purchasing an additional 1,735 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Jones Energy during the 2nd quarter valued at about $104,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Jones Energy during the 1st quarter valued at about $205,000. Institutional investors own 59.57% of the company’s stock.

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About Jones Energy

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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