Jones Energy (JONE) Bonds Trading 1.3% Higher

An issue of Jones Energy, Inc. (NYSE:JONE) bonds rose 1.3% against their face value during trading on Thursday. The high-yield debt issue has a 9.25% coupon and will mature on March 15, 2023. The bonds in the issue are now trading at $73.06. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Barclays reduced their price objective on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating for the company in a research note on Monday, November 20th. Stephens downgraded shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.75.

Shares of Jones Energy, Inc. (JONE) traded down $0.07 during midday trading on Thursday, hitting $0.92. 1,617,091 shares of the stock were exchanged, compared to its average volume of 1,159,917. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy, Inc. has a 12-month low of $0.85 and a 12-month high of $5.34.

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $1.66, for a total transaction of $261,961.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 3,239,891 shares of company stock worth $4,172,754. Insiders own 37.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JONE. Parametric Portfolio Associates LLC boosted its holdings in shares of 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 last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of 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 last quarter. California Public Employees Retirement System boosted its holdings in shares of 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 last quarter. Vanguard Group Inc. boosted 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 worth $6,236,000 after buying an additional 66,526 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. 59.41% of the stock is currently owned by institutional investors.

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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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