The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! About 2.10 million shares traded hands or 14.75% up from the average. Jones Energy Inc (NYSE:JONE) has risen 58.24% since March 7, 2016 and is uptrending. It has outperformed by 50.65% the S&P500.
The move comes after 7 months positive chart setup for the $367.22M company. It was reported on Oct, 10 by Barchart.com. We have $6.66 PT which if reached, will make NYSE:JONE worth $172.59M 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 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. Barclays Capital maintained Jones Energy Inc (NYSE:JONE) on Friday, August 26 with “Underweight” rating. On Tuesday, May 24 the stock rating was upgraded by Iberia Capital Partners to “Outperform”. The firm has “Outperform” rating given on Tuesday, May 24 by IBERIA Capital. Imperial Capital maintained it with “In-Line” rating and $2.50 target price in Wednesday, March 9 report. The rating was downgraded by Iberia Capital Partners to “Sector Perform” on Friday, February 12. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 10. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Overweight”. The rating was maintained by Imperial Capital with “Outperform” on Monday, August 22. The stock has “Sell” rating given by Seaport Global on Wednesday, March 30. The company was downgraded on Tuesday, February 23 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 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.
Nine Chapters Capital Management Ltd Liability Co holds 12,000 shares or 1.02% of its portfolio. Magnetar Lc has 0.16% invested in the company for 2.06M shares. Millennium Limited Liability Com reported 115,710 shares or 0% of all its holdings. Goldman Sachs Group, a New York-based fund reported 25,747 shares. Blackstone Ltd Partnership has 1.37 million shares for 0.03% of their US portfolio. Raymond James Fincl Ser Advsrs Inc has invested 0.01% of its portfolio in Jones Energy Inc (NYSE:JONE). Citadel Advsr Llc, a Illinois-based fund reported 32,376 shares. Swiss State Bank has invested 0% of its portfolio in Jones Energy Inc (NYSE:JONE). California Pub Employees Retirement Systems owns 100,500 shares or 0% of their US portfolio. Avalon Advisors Limited Liability Co has 445,181 shares for 0.07% of their US portfolio. The Florida-based Ladenburg Thalmann Financial has invested 0% in Jones Energy Inc (NYSE:JONE). Goodman Fincl holds 1.61M shares or 3.95% of its portfolio. National Bank Of America De has 673 shares for 0% of their US portfolio. Geode Cap Mngmt Ltd reported 202,090 shares or 0% of all its holdings. Scepter Holdg owns 273,435 shares or 0.36% of their US portfolio.
Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 4 sales for $301,415 net activity. 41,127 shares were sold by McConnell Mike, worth $150,422. On Monday, April 18 the insider Brooks Robert J. sold $48,209. $86,375 worth of shares were sold by Niccum Eric on Monday, April 18. Tanner Jeffrey Alan had sold 4,500 shares worth $16,409.
More news for Jones Energy Inc (NYSE:JONE) were recently published by: Fool.com, which released: “Why Jones Energy Inc’s Shares Popped As Much As 17% Today” on October 05, 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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