Exclusive: What’s in Jones Energy Inc After Today’s Big Increase?

Exclusive: What's in Jones Energy Inc After Today's Big Increase?

The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! About 1.21 million shares traded hands or 2.54% up from the average. Jones Energy Inc (NYSE:JONE) has declined 22.61% since April 27, 2016 and is downtrending. It has underperformed by 27.83% the S&P500.
The move comes after 6 months positive chart setup for the $387.75M company. It was reported on Nov, 30 by Barchart.com. We have $5.03 PT which if reached, will make NYSE:JONE worth $27.14 million more.

Analysts await Jones Energy Inc (NYSE:JONE) to report earnings on March, 6. They expect $-0.08 earnings per share, down 700.00% or $0.07 from last year’s $-0.01 per share. After $-0.05 actual earnings per share reported by Jones Energy Inc for the previous quarter, Wall Street now forecasts 60.00% negative 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 downgraded the shares of JONE in a report on Wednesday, August 10 to “Underweight” rating. The company was upgraded on Wednesday, October 5 by Stifel Nicolaus. The firm has “In-Line” rating given on Wednesday, March 9 by Imperial Capital. On Wednesday, March 9 the stock rating was reinitiated by iBERIA with “Sector Perform”. Imperial Capital maintained the shares of JONE in a report on Monday, August 22 with “Outperform” rating. Imperial Capital downgraded Jones Energy Inc (NYSE:JONE) rating on Tuesday, February 23. Imperial Capital has “In-Line” rating and $1.25 price target. The firm earned “Underweight” rating on Friday, August 26 by Barclays Capital. On Tuesday, August 30 the stock rating was initiated by Seaport Global with “Accumulate”. The firm earned “Outperform” rating on Wednesday, April 27 by Imperial Capital. IBERIA Capital upgraded the stock to “Outperform” rating in Tuesday, May 24 report.

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 decreased to 2.13 in Q2 2016. Its down 0.13, from 2.26 in 2016Q1. The ratio is negative, 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.
Blackrock Advsrs Limited Liability Corp accumulated 0% or 15,596 shares. The Texas-based Scepter has invested 0.36% in Jones Energy Inc (NYSE:JONE). Teachers Advsrs reported 55,606 shares or 0% of all its holdings. The California-based Wells Fargo And Mn has invested 0% in Jones Energy Inc (NYSE:JONE). Renaissance Tech Ltd Company has 38,800 shares for 0% of their US portfolio. Schwab Charles Inv has invested 0% of its portfolio in Jones Energy Inc (NYSE:JONE). Bnp Paribas Arbitrage Sa accumulated 0% or 1,431 shares. Blackstone L P has 1.37 million shares for 0.03% of their US portfolio. Aqr Cap Management Limited Liability Company has 0% invested in the company for 122,782 shares. Fin Mgmt, a Texas-based fund reported 1,048 shares. National Bank Of New York Mellon holds 0% of its portfolio in Jones Energy Inc (NYSE:JONE) for 300,984 shares. Jane Street Grp Ltd holds 10,331 shares or 0% of its portfolio. State Street last reported 0% of its portfolio in the stock. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Jones Energy Inc (NYSE:JONE). Kcg Incorporated last reported 0% of its portfolio in the stock.

More notable recent Jones Energy Inc (NYSE:JONE) news were published by: Fool.com which released: “Why Jones Energy Inc’s Shares Popped As Much As 17% Today” on October 05, 2016, also Globenewswire.com with their article: “Jones Energy, Inc. Announces STACK/SCOOP Acquisition” published on August 18, 2016, Globenewswire.com published: “Jones Energy, Inc. Declares Prorated Convertible Preferred Stock Dividend and …” on October 18, 2016. More interesting news about Jones Energy Inc (NYSE:JONE) were released by: Thestreet.com and their article: “Jones Energy (JONE) Stock Price Target Cut at Barclays” published on August 26, 2016 as well as Globenewswire.com‘s news article titled: “Jones Energy, Inc. Prices Upsized Public Offering of 21000000 Shares of Class …” with publication date: August 19, 2016.

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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