The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! About 675,542 shares traded hands. Jones Energy Inc (NYSE:JONE) has risen 76.28% since March 4, 2016 and is uptrending. It has outperformed by 68.25% the S&P500.
The move comes after 9 months negative chart setup for the $379.37M company. It was reported on Oct, 7 by Barchart.com. We have $3.92 PT which if reached, will make NYSE:JONE worth $37.94 million less.
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 10 analysts covering Jones Energy Inc (NYSE:JONE), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Jones Energy Inc has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Imperial Capital on Friday, August 14 with “Outperform”. The firm earned “In-Line” rating on Tuesday, February 23 by Imperial Capital. The stock of Jones Energy Inc (NYSE:JONE) has “Accumulate” rating given on Tuesday, August 30 by Seaport Global. The firm earned “Overweight” rating on Wednesday, December 9 by JP Morgan. Barclays Capital downgraded Jones Energy Inc (NYSE:JONE) on Wednesday, August 10 to “Underweight” rating. The stock has “Sell” rating given by Seaport Global on Wednesday, March 30. The firm has “Sector Perform” rating by iBERIA given on Wednesday, March 9. The firm has “In-Line” rating by Imperial Capital given on Wednesday, March 9. Iberia Capital Partners upgraded the shares of JONE in a report on Tuesday, May 24 to “Outperform” rating. The stock of Jones Energy Inc (NYSE:JONE) earned “Underweight” rating by Barclays Capital on Friday, August 26.
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 Q2 2016. 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.
Oxford Asset Management last reported 0% of its portfolio in the stock. Blackrock Fund Advsr has invested 0% of its portfolio in Jones Energy Inc (NYSE:JONE). Blackstone Grp Ltd Partnership has invested 0.03% of its portfolio in Jones Energy Inc (NYSE:JONE). The United Kingdom-based Blackrock Gp has invested 0% in Jones Energy Inc (NYSE:JONE). Los Angeles Cap & Equity Rech Inc, a California-based fund reported 10,754 shares. The Massachusetts-based State Street Corporation has invested 0% in Jones Energy Inc (NYSE:JONE). Citigroup Incorporated owns 5,842 shares or 0% of their US portfolio. Moreover, Renaissance Technologies Ltd Liability Corporation has 0% invested in Jones Energy Inc (NYSE:JONE) for 38,800 shares. Schwab Charles Inv Mgmt Inc accumulated 80,262 shares or 0% of the stock. Pdts Ltd Company has 0.01% invested in the company for 42,700 shares. Tower Cap Ltd Liability Corp (Trc) accumulated 0% or 900 shares. Blackrock Inc reported 21,624 shares or 0% of all its holdings. Tiaa Cref Investment Mgmt Ltd Llc owns 159,534 shares or 0% of their US portfolio. The Tennessee-based Weaver C Barksdale And has invested 0% in Jones Energy Inc (NYSE:JONE). Susquehanna Int Grp Limited Liability Partnership last reported 205,995 shares in the company.
Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 4 selling transactions for $301,415 net activity. Another trade for 23,219 shares valued at $86,375 was made by Niccum Eric on Monday, April 18. The insider Tanner Jeffrey Alan sold $16,409. The insider McConnell Mike sold $150,422. 13,170 shares were sold by Brooks Robert J., worth $48,209 on Monday, April 18.
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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