Jones Energy, Inc. Class A (NYSE:JONE) Sees Volatile Trading – Down by 8.43%


Jones Energy, Inc. Class A (NYSE:JONE) last traded at $1.52 with shares with a low of $1.51 and high of $1.80. This move in share price distinguishes the stock as one of the day’s most volatile.

Company shares are trading at $1.52 much higher than $1.17, the stock’s 50 day moving average and impressively lower than the 200 day moving average of $1.81. The 50 day moving average moved up $0.35 and the 200 day average moved down $-0.29.

Recent news headlines for Jones Energy, Inc. Class A.

Fir Tree Partners Calls on Jones Energy to Pursue Value-Maximizing Strategic Alternatives.

Short Interest

Traders are a little more bullish on shares of Jones Energy, Inc. Class A recently considering the motion in short interest. The firm recorded a fall in short interest between August 15, 2017 and August 31, 2017 of -2.32%. Short interest decreased 362,863 over that period. Days to cover increased from 10.0 to 18.0 and the percentage of shorted shares is 0.23% as of August 31.

Recent Analyst Ratings

On July 20 the company was downgraded from “Overweight” to “Neutral” in a statement from JP Morgan. On June 21, 2017 the stock rating was set at “Neutral” in a report from Seaport Global a cut from the previous “Underweight” rating. In the latest earnings report the EPS was $-2.31 and is estimated to be $-0.21 for the current year with 72,754,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.17 with next year’s EPS anticipated to be $-0.75.

Company Information

Jones Energy, Inc., launched on March 25, 2013, is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties in the mid-continent United States. The Business’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. The Company owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, primarily located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Business’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Business’s natural gas is sold at various delivery points at or near producing wells to natural gas gathering and marketing companies. The Business’s total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe), of which over 58% were classified as proved developed reserves. Approximately 25% of the Business’s total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. Its properties include over 1,020 gross producing wells..