The stock of Jones Energy Inc (NYSE:JONE) is a huge mover today! About 268,086 shares traded hands. Jones Energy Inc (NYSE:JONE) has risen 0.26% since April 18, 2016 and is uptrending. It has underperformed by 4.17% the S&P500.
The move comes after 7 months positive chart setup for the $379.87M company. It was reported on Nov, 18 by Barchart.com. We have $6.93 PT which if reached, will make NYSE:JONE worth $254.51M more.
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 stock of Jones Energy Inc (NYSE:JONE) earned “In-Line” rating by Imperial Capital on Tuesday, February 23. The rating was maintained by Imperial Capital with “In-Line” on Wednesday, March 9. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 5. The stock has “Sector Perform” rating given by iBERIA on Wednesday, March 9. The firm has “Accumulate” rating given on Tuesday, August 30 by Seaport Global. On Wednesday, August 10 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm earned “Outperform” rating on Monday, August 22 by Imperial Capital. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9. The stock of Jones Energy Inc (NYSE:JONE) earned “Outperform” rating by Imperial Capital on Wednesday, April 27. The stock of Jones Energy Inc (NYSE:JONE) earned “Sector Perform” rating by Iberia Capital Partners on Friday, February 12.
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 2016 Q2. Its down 0.13, from 2.26 in 2016Q1. The ratio dived, 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.
Voya Invest Ltd Liability Corporation has 17,325 shares for 0% of their US portfolio. Blackrock owns 21,624 shares or 0% of their US portfolio. Dimensional Fund Advsrs Limited Partnership has 0% invested in the company for 176,145 shares. Products Prns Limited Liability Co owns 42,700 shares or 0.01% of their US portfolio. Citigroup holds 0% or 5,842 shares in its portfolio. California Public Employees Retirement Systems has 0% invested in the company for 100,500 shares. Commercial Bank Of America Corporation De last reported 673 shares in the company. The California-based Schwab Charles Invest Mgmt has invested 0% in Jones Energy Inc (NYSE:JONE). Blackrock Fund Advsr has 0% invested in the company for 807,389 shares. Hutchin Hill Cap Lp holds 23,864 shares or 0% of its portfolio. Morgan Stanley reported 60,322 shares or 0% of all its holdings. Ubs Asset Americas Inc holds 0% or 34,800 shares in its portfolio. Alliancebernstein Lp has invested 0% of its portfolio in Jones Energy Inc (NYSE:JONE). Northpointe Capital Ltd last reported 0.08% of its portfolio in the stock. Acadian Asset Mgmt Ltd Llc holds 12,812 shares or 0% of its portfolio.
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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