Jones Energy (JONE) Debt Trading 0.8% Lower

An issue of Jones Energy, Inc. (NYSE:JONE) debt fell 0.8% as a percentage of its face value during trading on Tuesday. The high-yield debt issue has a 6.75% coupon and is set to mature on April 1, 2022. The bonds in the issue are now trading at $73.25 and were trading at $71.00 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of equities research analysts have recently issued reports on JONE shares. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 target price on the stock in a report on Wednesday, October 11th. ValuEngine raised shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Stephens cut shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Barclays dropped their target price on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Jones Energy presently has a consensus rating of “Hold” and a consensus target price of $3.75.

Jones Energy, Inc. (NYSE JONE) traded down $0.05 during trading on Tuesday, reaching $0.78. 1,994,438 shares of the company’s stock traded hands, compared to its average volume of 1,171,706. 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 52-week low of $0.75 and a 52-week high of $5.25.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 3,239,891 shares of company stock worth $4,172,754. Insiders own 37.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Q Global Advisors LLC raised its holdings in Jones Energy by 4,993.7% in the 3rd 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 acquiring an additional 4,571,577 shares during the period. Vanguard Group Inc. raised its holdings in Jones Energy by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock valued at $6,236,000 after acquiring an additional 66,526 shares during the period. Goodman Financial Corp raised its holdings in Jones Energy by 12.6% in the 2nd quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock valued at $2,732,000 after acquiring an additional 191,622 shares during the period. Penn Capital Management Co. Inc. raised its holdings in Jones Energy by 9.5% in the 2nd 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 acquiring an additional 130,842 shares during the period. Finally, State Street Corp raised its holdings in Jones Energy by 2.7% in the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock valued at $1,603,000 after acquiring an additional 26,539 shares during the period. 59.41% of the stock is currently owned by hedge funds and other 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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