Jones Energy Inc (NYSE:JONE) was up 6.3% during mid-day trading on Tuesday . The stock traded as high as $0.34 and last traded at $0.34. Approximately 799,927 shares changed hands during trading, a decline of 26% from the average daily volume of 1,079,129 shares. The stock had previously closed at $0.32.
Several equities research analysts recently issued reports on JONE shares. ValuEngine raised shares of Jones Energy from a “hold” rating to a “buy” rating in a report on Monday, June 4th. Zacks Investment Research raised shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Stephens reaffirmed a “hold” rating and set a $1.00 price target on shares of Jones Energy in a report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1.15.
The firm has a market capitalization of $34.52 million, a price-to-earnings ratio of -0.83 and a beta of 2.63. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.79.
Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.08). The firm had revenue of $57.49 million during the quarter, compared to analyst estimates of $54.23 million. Jones Energy had a negative return on equity of 9.77% and a negative net margin of 64.68%. equities analysts anticipate that Jones Energy Inc will post -1.15 EPS for the current year.
In other news, Director Jonny Jones sold 214,410 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $0.38, for a total value of $81,475.80. Following the transaction, the director now owns 284,168 shares in the company, valued at approximately $107,983.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.10% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Jones Energy by 22.6% during the 4th quarter. Bank of New York Mellon Corp now owns 328,219 shares of the oil and gas producer’s stock valued at $361,000 after acquiring an additional 60,510 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Jones Energy by 68.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 219,037 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 89,224 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of Jones Energy during the 4th quarter valued at $110,000. Q Global Advisors LLC lifted its position in shares of Jones Energy by 3.2% during the 1st quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock valued at $3,876,000 after acquiring an additional 151,840 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Jones Energy by 4.7% during the 4th quarter. BlackRock Inc. now owns 3,763,979 shares of the oil and gas producer’s stock valued at $4,141,000 after acquiring an additional 168,853 shares during the period. Institutional investors own 59.92% of the company’s stock.
About Jones Energy
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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