The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! The stock decreased 3.95% or $0.15 on November 4, hitting $3.65. About 2.04 million shares traded hands or 13.33% up from the average. Jones Energy Inc (NYSE:JONE) has risen 24.59% since April 4, 2016 and is uptrending. It has outperformed by 23.50% the S&P500.
The move comes after 6 months negative chart setup for the $294.30M company. It was reported on Nov, 4 by Barchart.com. We have $3.14 PT which if reached, will make NYSE:JONE worth $41.20 million less.
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 firm has “Buy” rating given on Wednesday, October 5 by Stifel Nicolaus. As per Wednesday, December 9, the company rating was initiated by JP Morgan. The rating was downgraded by Iberia Capital Partners to “Sector Perform” on Friday, February 12. The rating was maintained by Imperial Capital on Wednesday, March 9 with “In-Line”. The firm has “Outperform” rating by Imperial Capital given on Wednesday, April 27. IBERIA Capital upgraded it to “Outperform” rating and $6 target price in Tuesday, May 24 report. The rating was maintained by Imperial Capital on Monday, August 22 with “Outperform”. The firm earned “Accumulate” rating on Tuesday, August 30 by Seaport Global. The stock of Jones Energy Inc (NYSE:JONE) earned “Outperform” rating by Iberia Capital Partners on Tuesday, May 24. The stock of Jones Energy Inc (NYSE:JONE) has “Outperform” rating given on Friday, August 14 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 is positive, 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.
Moreover, Tower Rech Cap Lc (Trc) has 0% invested in Jones Energy Inc (NYSE:JONE) for 900 shares. Credit Suisse Ag holds 107,671 shares or 0% of its portfolio. Bridgeway Cap Incorporated reported 162,742 shares or 0.01% of all its holdings. Raymond James Advsr Incorporated, a Florida-based fund reported 263,842 shares. Millennium Management Limited Com holds 0% of its portfolio in Jones Energy Inc (NYSE:JONE) for 115,710 shares. Savings Bank Of New York Mellon last reported 300,984 shares in the company. Grt Cap Ltd Limited Liability Company has 29,442 shares for 0.03% of their US portfolio. The New York-based Tiaa Cref Invest Mgmt Ltd Com has invested 0% in Jones Energy Inc (NYSE:JONE). Teachers holds 55,606 shares or 0% of its portfolio. Rhumbline Advisers holds 0% or 34,104 shares in its portfolio. Jane Street Limited last reported 10,331 shares in the company. Blackrock Limited Liability Corp reported 129,909 shares or 0% of all its holdings. Wells Fargo Mn accumulated 17,550 shares or 0% of the stock. Invesco, a Georgia-based fund reported 393,850 shares. Spot Trading Ltd Com holds 0.01% or 184,990 shares in its portfolio.
More recent Jones Energy Inc (NYSE:JONE) news were published by: Globenewswire.com which released: “Jones Energy, Inc. Announces 2016 Third Quarter Financial and Operating …” on November 02, 2016. Also Globenewswire.com published the news titled: “Jones Energy, Inc. Declares Prorated Convertible Preferred Stock Dividend and …” on October 18, 2016. Reuters.com‘s news article titled: “BRIEF-Jones Energy announces Q3 financial and operating results and increa…” with publication date: November 02, 2016 was also an interesting one.
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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