The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! About 4.76M shares traded hands or 91.94% up from the average. Jones Energy Inc (NYSE:JONE) has risen 142.45% since February 26, 2016 and is uptrending. It has outperformed by 132.02% the S&P500.
The move comes after 6 months positive chart setup for the $313.77M company. It was reported on Sep, 30 by Barchart.com. We have $7.21 PT which if reached, will make NYSE:JONE worth $323.18 million more.
Analysts await Jones Energy Inc (NYSE:JONE) to report earnings on November, 2. They expect $-0.07 earnings per share, up 12.50% or $0.01 from last year’s $-0.08 per share. After $-0.09 actual earnings per share reported by Jones Energy Inc for the previous quarter, Wall Street now forecasts -22.22% EPS growth.
Jones Energy Inc (NYSE:JONE) Ratings Coverage
Out of 9 analysts covering Jones Energy Inc (NYSE:JONE), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Jones Energy Inc has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Seaport Global initiated Jones Energy Inc (NYSE:JONE) on Tuesday, August 30 with “Accumulate” rating. The company was reinitiated on Wednesday, March 9 by iBERIA. The stock of Jones Energy Inc (NYSE:JONE) earned “Sell” rating by Seaport Global on Wednesday, March 30. The firm earned “Outperform” rating on Wednesday, April 27 by Imperial Capital. The firm has “Underweight” rating given on Wednesday, August 10 by Barclays Capital. As per Tuesday, May 24, the company rating was upgraded by IBERIA Capital. As per Tuesday, May 24, the company rating was upgraded by Iberia Capital Partners. JP Morgan initiated Jones Energy Inc (NYSE:JONE) on Wednesday, December 9 with “Overweight” rating. The company was maintained on Monday, August 22 by Imperial Capital. The company was maintained on Wednesday, March 9 by Imperial Capital.
According to Zacks Investment Research, “Jones Energy, Inc. is an independent oil and gas company. It engages in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. Jones Energy, Inc. is based in Austin, Texas.”
Insitutional Activity: The institutional sentiment increased to 2.26 in 2016 Q2. Its up 1.32, from 0.94 in 2016Q1. The ratio improved, as 3 funds sold all Jones Energy Inc shares owned while 20 reduced positions. 21 funds bought stakes while 31 increased positions. They now own 40.79 million shares or 0.91% less from 41.16 million shares in 2016Q1.
Barclays Public Limited Co last reported 1,278 shares in the company. The New York-based Tiaa Cref Management Ltd Limited Liability Company has invested 0% in Jones Energy Inc (NYSE:JONE). Citadel Advisors Ltd Liability holds 0% of its portfolio in Jones Energy Inc (NYSE:JONE) for 32,376 shares. Grt Capital Prtnrs Lc owns 29,442 shares or 0.03% of their US portfolio. Voya Invest Mngmt Limited Com accumulated 17,325 shares or 0% of the stock. Weaver C Barksdale Associates Inc has 389 shares for 0% of their US portfolio. Spot Trading Ltd Liability owns 184,990 shares or 0.01% of their US portfolio. Moreover, Ladenburg Thalmann Financial has 0% invested in Jones Energy Inc (NYSE:JONE) for 200 shares. Finance Mgmt Professionals Inc accumulated 1,048 shares or 0% of the stock. Ubs Asset Mgmt Americas Inc has 34,800 shares for 0% of their US portfolio. Gru One Trading Limited Partnership last reported 43,821 shares in the company. Metalmark Mngmt Ii Lc holds 100% of its portfolio in Jones Energy Inc (NYSE:JONE) for 18.31 million shares. Jane Street Gp Ltd Company last reported 0% of its portfolio in the stock. Los Angeles Management And Equity Incorporated reported 10,754 shares or 0% of all its holdings. Macquarie Group Limited holds 0.01% or 717,821 shares in its portfolio.
Insider Transactions: Since April 18, 2016, the stock had 0 insider buys, and 4 selling transactions for $301,415 net activity. The insider Tanner Jeffrey Alan sold 4,500 shares worth $16,409. McConnell Mike had sold 41,127 shares worth $150,422 on Monday, April 18. The insider Brooks Robert J. sold $48,209. Another trade for 23,219 shares valued at $86,375 was made by Niccum Eric on Monday, April 18.
More news for Jones Energy Inc (NYSE:JONE) were recently published by: Finance.Yahoo.com, which released: “Jones Energy, Inc. Announces STACK/SCOOP Acquisition” on August 18, 2016. Streetinsider.com‘s article titled: “Form 8-K Jones Energy, Inc. For: Sep 27” and published on September 27, 2016 is yet another important article.
JONE Company Profile
Jones Energy, Inc., incorporated on March 25, 2013, is an independent gas and oil firm engaged in the exploration, development, production and acquisition of oil and natural gas properties in the mid-continent United States. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. The Firm owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, primarily located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Company’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Company’s natural gas is sold at various delivery points at or near producing wells to natural gas gathering and marketing companies. The Company’s total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe), of which over 58% were classified as proved developed reserves. Approximately 25% of the Company’s total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. The Company’s properties include over 1,020 gross producing wells.
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