An issue of Jones Energy, Inc. (NYSE:JONE) bonds fell 4% against their face value during trading on Thursday after an insider sold shares in the company. The high-yield issue of debt has a 6.75% coupon and is set to mature on April 1, 2022. The debt is now trading at $71.00 and was trading at $82.25 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price. Specifically, major shareholder Metalmark Capital Ii Llc sold 322,645 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $1.28, for a total value of $412,985.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 2,304,924 shares of company stock worth $3,189,190. Corporate insiders own 37.20% of the company’s stock.

A number of equities research analysts recently commented on the company. Stephens lowered Jones Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. ValuEngine upgraded Jones Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 price target on the stock in a research report on Wednesday, October 11th. Finally, J P Morgan Chase & Co lowered Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target on the stock. in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Jones Energy currently has an average rating of “Hold” and an average target price of $3.96.

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56.

A number of institutional investors and hedge funds have recently made changes to their positions in JONE. Bank of New York Mellon Corp boosted its position in Jones Energy by 16.6% in the 1st quarter. Bank of New York Mellon Corp now owns 345,619 shares of the oil and gas producer’s stock valued at $881,000 after buying an additional 49,175 shares during the last quarter. Swiss National Bank boosted its position in Jones Energy by 8.7% in the 1st quarter. Swiss National Bank now owns 97,215 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 7,815 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Jones Energy by 11.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 4,170 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Jones Energy by 4.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 150,239 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 5,947 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Jones Energy by 8.7% in the 1st quarter. California Public Employees Retirement System now owns 318,397 shares of the oil and gas producer’s stock valued at $812,000 after buying an additional 25,597 shares during the last quarter. Hedge funds and other institutional investors own 56.85% of the company’s stock.

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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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