Short Interest in Jones Energy, Inc. (JONE) Rises By 22.9%

Jones Energy, Inc. (NYSE:JONE) was the recipient of a significant increase in short interest in September. As of September 29th, there was short interest totalling 20,213,461 shares, an increase of 22.9% from the September 15th total of 16,444,111 shares. Based on an average daily volume of 1,746,997 shares, the short-interest ratio is presently 11.6 days. Approximately 39.2% of the company’s stock are sold short.

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 949,433 shares of company stock valued at $1,471,251. Insiders own 37.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in JONE. Bank of New York Mellon Corp raised its position in shares of Jones Energy by 16.6% during the first quarter. Bank of New York Mellon Corp now owns 345,619 shares of the oil and gas producer’s stock valued at $881,000 after buying an additional 49,175 shares during the last quarter. Swiss National Bank raised its position in shares of Jones Energy by 8.7% during the first quarter. Swiss National Bank now owns 97,215 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 7,815 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 518,836 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Jones Energy by 11.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 4,170 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Jones Energy during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Jones Energy (NYSE JONE) opened at 1.34 on Friday. The stock’s market capitalization is $97.49 million. Jones Energy has a 12-month low of $0.85 and a 12-month high of $4.91. The company’s 50-day moving average is $1.45 and its 200 day moving average is $1.66.

Jones Energy (NYSE:JONE) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.30. The firm had revenue of $48.60 million for the quarter, compared to analysts’ expectations of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. On average, equities research analysts expect that Jones Energy will post ($0.21) earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. J P Morgan Chase & Co downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a research report on Thursday, July 20th. ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.96.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/20/short-interest-in-jones-energy-inc-jone-rises-by-22-9.html.

About Jones Energy

Jones Ener

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 949,433 shares of company stock valued at $1,471,251. Insiders own 37.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in JONE. Bank of New York Mellon Corp raised its position in shares of Jones Energy by 16.6% during the first quarter. Bank of New York Mellon Corp now owns 345,619 shares of the oil and gas producer’s stock valued at $881,000 after buying an additional 49,175 shares during the last quarter. Swiss National Bank raised its position in shares of Jones Energy by 8.7% during the first quarter. Swiss National Bank now owns 97,215 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 7,815 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 518,836 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Jones Energy by 11.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 4,170 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Jones Energy during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Jones Energy (NYSE JONE) opened at 1.34 on Friday. The stock’s market capitalization is $97.49 million. Jones Energy has a 12-month low of $0.85 and a 12-month high of $4.91. The company’s 50-day moving average is $1.45 and its 200 day moving average is $1.66.

Jones Energy (NYSE:JONE) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.30. The firm had revenue of $48.60 million for the quarter, compared to analysts’ expectations of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. On average, equities research analysts expect that Jones Energy will post ($0.21) earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. J P Morgan Chase & Co downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a research report on Thursday, July 20th. ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.96.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/20/short-interest-in-jones-energy-inc-jone-rises-by-22-9.html.

About Jones Energy

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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