Insider Selling: Jones Energy, Inc. (JONE) Major Shareholder Sells 157,808 Shares of Stock

Jones Energy, Inc. (NYSE:JONE) major shareholder Metalmark Capital Ii Llc sold 157,808 shares of Jones Energy 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 filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Metalmark Capital Ii Llc also recently made the following trade(s):

  • On Wednesday, October 4th, Metalmark Capital Ii Llc sold 143,081 shares of Jones Energy stock. The stock was sold at an average price of $1.62, for a total transaction of $231,791.22.

Shares of Jones Energy, Inc. (NYSE:JONE) traded down 3.09% during midday trading on Tuesday, hitting $1.57. 875,449 shares of the stock traded hands. Jones Energy, Inc. has a 52 week low of $0.85 and a 52 week high of $5.34. The firm’s market capitalization is $114.22 million. The company’s 50-day moving average is $1.35 and its 200 day moving average is $1.71.

Jones Energy (NYSE:JONE) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.30. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The firm’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Analysts anticipate that Jones Energy, Inc. will post ($0.21) earnings per share for the current year.

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Several equities analysts have commented on JONE shares. ValuEngine cut shares of Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target for the company. in a research note on Thursday, July 20th. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Tuesday, July 18th. Finally, Seaport Global Securities lowered shares of Jones Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.00 to $1.50 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.00.

A number of institutional investors have recently modified their holdings of JONE. Wellington Management Group LLP lifted its position in Jones Energy by 376.9% during the first quarter. Wellington Management Group LLP now owns 1,448,333 shares of the oil and gas producer’s stock valued at $3,693,000 after purchasing an additional 1,144,613 shares during the period. Ameriprise Financial Inc. lifted its position in Jones Energy by 55.2% during the first quarter. Ameriprise Financial Inc. now owns 1,459,533 shares of the oil and gas producer’s stock valued at $3,722,000 after purchasing an additional 518,836 shares during the period. UBS Oconnor LLC lifted its position in Jones Energy by 48.1% during the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock valued at $4,058,000 after purchasing an additional 517,028 shares during the period. Marshall Wace North America L.P. bought a new position in Jones Energy during the first quarter valued at approximately $945,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Jones Energy during the first quarter valued at approximately $945,000. Institutional investors own 59.34% of the company’s stock.

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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