Vanguard Group Inc. grew its holdings in Jones Energy, Inc. (NYSE:JONE) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,445,426 shares of the oil and gas producer’s stock after acquiring an additional 66,526 shares during the period. Vanguard Group Inc. owned 3.93% of Jones Energy worth $6,236,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new position in Jones Energy during the first quarter valued at $945,000. Cortina Asset Management LLC grew its stake in shares of Jones Energy by 46.8% in the 1st quarter. Cortina Asset Management LLC now owns 1,419,101 shares of the oil and gas producer’s stock worth $3,619,000 after buying an additional 452,156 shares in the last quarter. Swiss National Bank grew its stake in shares of 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 worth $248,000 after buying an additional 7,815 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Jones Energy by 55.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,459,533 shares of the oil and gas producer’s stock worth $3,722,000 after buying an additional 518,836 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 worth $881,000 after buying an additional 49,175 shares in the last quarter.
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Shares of Jones Energy, Inc. (NYSE:JONE) traded up 7.308% during mid-day trading on Friday, reaching $1.395. 227,974 shares of the company were exchanged. The stock’s market capitalization is $101.49 million. The stock has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.87. Jones Energy, Inc. has a 12 month low of $0.85 and a 12 month high of $5.34.
Jones Energy (NYSE:JONE) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.30. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The company had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. During the same period last year, the business earned ($0.09) EPS. The business’s quarterly revenue was up 67.0% on a year-over-year basis. Analysts predict that Jones Energy, Inc. will post ($0.21) earnings per share for the current year.
JONE has been the subject of a number of recent analyst reports. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price objective for the company. in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Jones Energy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a report on Tuesday, July 18th. Finally, Seaport Global Securities lowered shares of Jones Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $1.50 in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3.93.
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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