Jones Energy, Inc. (NYSE:JONE) major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $1.62, for a total value of $231,791.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Jones Energy, Inc. (NYSE:JONE) opened at 1.60 on Friday. Jones Energy, Inc. has a 12-month low of $0.85 and a 12-month high of $5.34. The company’s market capitalization is $116.41 million. The stock’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.73.

Jones Energy (NYSE:JONE) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.30. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The firm had revenue of $48.60 million during the quarter, compared to analyst estimates of $53.93 million. During the same period last year, the firm posted ($0.09) earnings per share. Jones Energy’s revenue for the quarter was up 67.0% compared to the same quarter last year. On average, equities research analysts anticipate that Jones Energy, Inc. will post ($0.21) earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of 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 valued at $6,236,000 after purchasing an additional 66,526 shares in the last quarter. Goodman Financial Corp grew its holdings in shares of Jones Energy by 12.6% in the second quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock valued at $2,732,000 after purchasing an additional 191,622 shares in the last quarter. UBS Oconnor LLC grew its holdings in shares of Jones Energy by 48.1% in the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock valued at $4,058,000 after purchasing an additional 517,028 shares in the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of Jones Energy by 9.5% in 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 purchasing an additional 130,842 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Jones Energy by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,460,000 shares of the oil and gas producer’s stock valued at $3,724,000 after purchasing an additional 117,477 shares in the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

JONE has been the topic of several research reports. ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. J P Morgan Chase & Co lowered Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price for the company. in a report on Thursday, July 20th. Zacks Investment Research raised Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a report on Tuesday, July 18th. Finally, Seaport Global Securities lowered Jones Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $5.00 to $1.50 in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Jones Energy currently has a consensus rating of “Hold” and a consensus target price of $4.00.

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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