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

Jones Energy, Inc. (NYSE:JONE) major shareholder Metalmark Capital Ii Llc sold 38,801 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more 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 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 (NYSE:JONE) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.30. The firm had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The business’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share.

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Several equities analysts recently weighed in on the company. Zacks Investment Research raised Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 price objective for the company in a research report on Wednesday. ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co cut Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price objective for the company. in a research report on Thursday, July 20th. Finally, Seaport Global Securities cut Jones Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $5.00 to $1.50 in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.96.

Hedge funds have recently modified their holdings of the business. Blackstone Group L.P. lifted its position in 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 worth $2,201,000 after acquiring an additional 69,383 shares during the last quarter. Highbridge Capital Management LLC lifted its position in 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 worth $108,000 after acquiring an additional 1,735 shares during the last quarter. Penn Capital Management Co. Inc. lifted its position in 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 worth $2,404,000 after acquiring an additional 130,842 shares during the last quarter. Parkwood LLC lifted its position in Jones Energy by 15.3% during the second quarter. Parkwood LLC now owns 172,800 shares of the oil and gas producer’s stock worth $276,000 after acquiring an additional 22,950 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Jones Energy during the first quarter worth approximately $945,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

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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