Jones Energy (JONE) Trading -23.3% Higher
Shares of Jones Energy Inc (NYSE:JONE) traded up 23.3% during mid-day trading on Tuesday . The company traded as high as $6.70 and last traded at $7.32. 75,756 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 87,931 shares. The stock had previously closed at $9.54.
A number of analysts have issued reports on the stock. Stifel Nicolaus set a $14.00 price objective on shares of Jones Energy and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised shares of Jones Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Seaport Global Securities reissued a “neutral” rating on shares of Jones Energy in a report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Jones Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.80.
The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $33.53 million, a PE ratio of -0.76 and a beta of 2.72.
In other news, VP Robert J. Brooks sold 285,511 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $0.38, for a total transaction of $108,494.18. Following the completion of the sale, the vice president now owns 311,004 shares of the company’s stock, valued at approximately $118,181.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.10% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC lifted its holdings in shares of Jones Energy by 249,244.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 775,461 shares of the oil and gas producer’s stock worth $288,000 after acquiring an additional 775,150 shares during the period. Q Global Advisors LLC lifted its holdings 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 worth $3,876,000 after acquiring an additional 151,840 shares during the period. Finally, Marathon Asset Management LP bought a new stake in shares of Jones Energy during the 1st quarter worth approximately $1,430,000.
Jones Energy Company Profile (NYSE:JONE)
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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