Metalmark Capital Ii Llc Sells 38,801 Shares of Jones Energy, Inc. (JONE) Stock

Jones Energy, Inc. (NYSE:JONE) major shareholder Metalmark Capital Ii Llc sold 38,801 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $1.61, for a total value of $62,469.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Metalmark Capital Ii Llc also recently made the following trade(s):

  • On Tuesday, October 10th, Metalmark Capital Ii Llc sold 71,772 shares of Jones Energy stock. The stock was sold at an average price of $1.60, for a total value of $114,835.20.
  • On Friday, October 6th, Metalmark Capital Ii Llc sold 124,212 shares of Jones Energy stock. The stock was sold at an average price of $1.59, for a total value of $197,497.08.
  • On Thursday, October 5th, Metalmark Capital Ii Llc sold 157,808 shares of Jones Energy stock. The stock was sold at an average price of $1.66, for a total value of $261,961.28.
  • On Wednesday, October 4th, Metalmark Capital Ii Llc sold 143,081 shares of Jones Energy stock. The stock was sold at an average price of $1.62, for a total value of $231,791.22.

Jones Energy, Inc. (JONE) opened at 1.43 on Friday. The company’s market capitalization is $88.94 million. Jones Energy, Inc. has a 52 week low of $0.85 and a 52 week high of $5.34. The stock’s 50 day moving average is $1.39 and its 200 day moving average is $1.70.

Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.30. The firm had revenue of $48.60 million for the quarter, compared to analyst estimates of $53.93 million. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The company’s revenue was up 67.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. Analysts predict that Jones Energy, Inc. will post ($0.21) EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. Seaport Global Securities cut Jones Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $5.00 to $1.50 in a research note on Wednesday, June 21st. Zacks Investment Research cut Jones Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co cut Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a research note on Thursday, July 20th. Finally, ValuEngine raised Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3.96.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blackstone Group L.P. increased its holdings in shares of Jones Energy by 8.7% during the first quarter. Blackstone Group L.P. now owns 863,034 shares of the oil and gas producer’s stock valued at $2,201,000 after acquiring an additional 69,383 shares in the last quarter. Highbridge Capital Management LLC increased its holdings in shares of Jones Energy by 4.3% during the first quarter. Highbridge Capital Management LLC now owns 42,280 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 1,735 shares in the last quarter. Penn Capital Management Co. Inc. increased its holdings in shares of Jones Energy by 9.5% during the second quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock valued at $2,404,000 after acquiring an additional 130,842 shares in the last quarter. Parkwood LLC increased its holdings in shares of Jones Energy by 15.3% during the second quarter. Parkwood LLC now owns 172,800 shares of the oil and gas producer’s stock valued at $276,000 after acquiring an additional 22,950 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Jones Energy during the first quarter valued at approximately $945,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

About Jones Energy

Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.

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