Jones Energy (JONE) Shares Down 5.2%

Jones Energy Inc (NYSE:JONE) was down 5.2% during trading on Wednesday . The company traded as low as $0.92 and last traded at $0.92. Approximately 845,542 shares traded hands during trading, a decline of 18% from the average daily volume of 1,034,556 shares. The stock had previously closed at $0.97.

A number of equities research analysts have commented on JONE shares. Stephens cut Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks cut Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Tuesday, January 2nd. ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. cut Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.88.

The company has a market capitalization of $99.05, a price-to-earnings ratio of -0.32 and a beta of 2.58. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 162,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $1.05, for a total transaction of $170,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 286,222 shares of company stock worth $297,401. Corporate insiders own 37.20% of the company’s stock.

Several institutional investors have recently modified their holdings of JONE. Schwab Charles Investment Management Inc. lifted its stake in shares of Jones Energy by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock worth $357,000 after purchasing an additional 1,328 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Jones Energy by 2.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock worth $247,000 after purchasing an additional 3,983 shares during the period. Northern Trust Corp lifted its stake in shares of Jones Energy by 4.6% during the 2nd quarter. Northern Trust Corp now owns 735,081 shares of the oil and gas producer’s stock worth $1,176,000 after purchasing an additional 32,093 shares during the period. California Public Employees Retirement System lifted its stake in shares of Jones Energy by 17.3% during the 2nd quarter. California Public Employees Retirement System now owns 373,595 shares of the oil and gas producer’s stock worth $598,000 after purchasing an additional 55,198 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Jones Energy by 140.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 58,507 shares during the period. 57.37% of the stock is currently owned by institutional investors.

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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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