Jones Energy, Inc. (JONE) Stock Price Down 4.4% Following Insider Selling
Jones Energy, Inc. (NYSE:JONE) traded down 4.4% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $1.01 and last traded at $1.09. 1,444,100 shares changed hands during trading, an increase of 29% from the average session volume of 1,119,566 shares. The stock had previously closed at $1.14.
Specifically, major shareholder Metalmark Capital Ii Llc sold 38,801 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $1.61, for a total transaction of $62,469.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,079,924 shares of company stock worth $2,955,190 in the last ninety days. Corporate insiders own 37.20% of the company’s stock.
A number of equities research analysts recently issued reports on JONE shares. ValuEngine cut shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Jones Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. J P Morgan Chase & Co cut shares of 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, Stephens cut shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.96.
The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56.
Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers purchased a new position in Jones Energy in the 2nd quarter valued at $104,000. Bank of America Corp DE lifted its holdings in Jones Energy by 382.6% in 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 lifted its holdings in Jones Energy by 11.1% in 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. Q Global Advisors LLC purchased a new position in Jones Energy in the 2nd quarter valued at $146,000. Finally, Virtu KCG Holdings LLC lifted its holdings in Jones Energy by 479.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 85,831 shares in the last quarter. Institutional investors own 56.85% 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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