Jones Energy, Inc. (JONE) Trading Down 4.4% on Insider Selling

Jones Energy, Inc. (NYSE:JONE) shares fell 4.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $1.01 and last traded at $1.09. 1,444,100 shares were traded during trading, an increase of 29% from the average session volume of 1,119,566 shares. The stock had previously closed at $1.14.

Specifically, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,079,924 shares of company stock worth $2,955,190 in the last 90 days. 37.20% of the stock is currently owned by insiders.

Several research firms recently weighed in on JONE. Stephens lowered Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine lowered Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, J P Morgan Chase & Co lowered Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 target price on the stock. in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.96.

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

Several institutional investors have recently made changes to their positions in JONE. Q Global Advisors LLC increased its stake in shares of Jones Energy by 4,993.7% during the third quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock valued at $8,953,000 after buying an additional 4,571,577 shares during the period. Contrarian Capital Management L.L.C. purchased a new position in shares of Jones Energy during the third quarter valued at $1,430,000. Phoenix Investment Adviser LLC purchased a new position in shares of Jones Energy during the third quarter valued at $1,039,000. Goodman Financial Corp increased its stake in shares of Jones Energy by 12.6% during 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 buying an additional 191,622 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Jones Energy by 358.0% during the first quarter. Goldman Sachs Group Inc. now owns 177,531 shares of the oil and gas producer’s stock valued at $453,000 after buying an additional 138,766 shares during the period. Hedge funds and other institutional investors own 56.85% of the company’s stock.

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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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