Jones Energy (JONE) Bond Prices Rise 1.3%

An issue of Jones Energy, Inc. (NYSE:JONE) bonds rose 1.3% against their face value during trading on Wednesday. The high-yield debt issue has a 9.25% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $71.75. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays reduced their price objective on Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a research note on Monday, November 20th. Stephens cut Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $3.75.

Shares of Jones Energy, Inc. (NYSE:JONE) opened at $0.99 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56. Jones Energy, Inc. has a 12 month low of $0.85 and a 12 month high of $5.34.

In related news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 3,239,891 shares of company stock worth $4,172,754 over the last three months. 37.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC lifted its holdings in Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 4,170 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Jones Energy by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 150,239 shares of the oil and gas producer’s stock worth $383,000 after buying an additional 5,947 shares during the period. California Public Employees Retirement System lifted its holdings in Jones Energy by 8.7% in the first quarter. California Public Employees Retirement System now owns 318,397 shares of the oil and gas producer’s stock worth $812,000 after buying an additional 25,597 shares during the period. Vanguard Group Inc. lifted its holdings in Jones Energy by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock worth $6,236,000 after buying an additional 66,526 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Jones Energy by 30.7% in the first quarter. Geode Capital Management LLC now owns 494,884 shares of the oil and gas producer’s stock worth $1,261,000 after buying an additional 116,385 shares during the period. 59.41% of the stock is currently owned by institutional investors.

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Jones Energy Company Profile

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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