Northpointe Capital LLC maintained its stake in Jones Energy Inc. (NYSE:JONE) during the second quarter, according to its most recent filing with the SEC. The fund owned 166,800 shares of the company’s stock at the end of the second quarter. Northpointe Capital LLC’s holdings in Jones Energy were worth $687,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Jones Energy by 5.0% in the first quarter. State Street Corp now owns 347,927 shares of the company’s stock valued at $1,156,000 after buying an additional 16,686 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jones Energy by 1.7% in the first quarter. Geode Capital Management LLC now owns 196,177 shares of the company’s stock worth $653,000 after buying an additional 3,194 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Jones Energy during the first quarter worth about $218,000. 71.91% of the stock is currently owned by hedge funds and other institutional investors.
Jones Energy Inc. (NYSE:JONE) traded down 3.14% during trading on Friday, reaching $4.32. The company had a trading volume of 2,091,680 shares. The stock has a 50 day moving average price of $3.07 and a 200-day moving average price of $3.73. The company has a market capitalization of $141.78 million, a PE ratio of 13.94 and a beta of 2.99. Jones Energy Inc. has a 52-week low of $1.16 and a 52-week high of $5.84.
Jones Energy (NYSE:JONE) last released its earnings results on Wednesday, August 3rd. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm earned $29.10 million during the quarter, compared to analysts’ expectations of $44.03 million. Jones Energy had a negative return on equity of 0.73% and a net margin of 6.80%. The firm’s revenue was down 46.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. On average, equities research analysts anticipate that Jones Energy Inc. will post ($0.24) earnings per share for the current fiscal year.
A number of analysts have issued reports on JONE shares. Zacks Investment Research lowered Jones Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 26th. Barclays PLC lowered Jones Energy from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $3.50 to $3.00 in a research report on Wednesday, August 10th. Seaport Global Securities started coverage on Jones Energy in a research report on Tuesday, August 30th. They issued an “accumulate” rating and a $3.50 target price on the stock. Imperial Capital cut their target price on Jones Energy from $5.50 to $3.75 and set an “outperform” rating on the stock in a research report on Monday, August 22nd. Finally, Stifel Nicolaus raised Jones Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $3.00 to $6.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Jones Energy currently has an average rating of “Hold” and an average price target of $5.03.
In other news, major shareholder Advisors L.L.C. Jvl bought 9,025,270 shares of the stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $2.77 per share, with a total value of $24,999,997.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 50.10% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding JONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Energy Inc. (NYSE:JONE).
Receive News & Ratings for Jones Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.