Jones Energy, Inc. (JONE): Robert J. Brooks , Executive VP & CFO of Jones Energy, Inc. sold 5,000 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $4.31 per share for a total value of $21,550.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 20, 2016, Jeffrey Alan Tanner (Executive VP & CFO) sold 4,500 shares at $3.65 per share price.On Apr 20, 2016, Robert J. Brooks (Executive VP & CFO) sold 13,170 shares at $3.66 per share price.Also, On Apr 20, 2016, Mike Mcconnell (President) sold 41,127 shares at $3.66 per share price.On Apr 20, 2016, Eric Niccum (Executive VP & COO) sold 23,219 shares at $3.72 per share price.
Jones Energy Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Jones Energy Inc which led to swings in the share price. The shares opened for trading at $4.48 and hit $4.7 on the upside , eventually ending the session at $4.4, with a gain of 3.53% or 0.15 points. The heightened volatility saw the trading volume jump to 3,19,973 shares. The 52-week high of the share price is $9.87 and the company has a market cap of $273 M . The 52-week low of the share price is at $1.155.
Company has been under the radar of several Street Analysts.Jones Energy Inc is Upgraded by Iberia to Outperform. Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 24, 2016.Jones Energy Inc is Upgraded by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 5.25 from a previous price target of $1.25 .Earlier the firm had a rating of In-line on the company shares. The Rating was issued on Apr 27, 2016.
Jones Energy Inc. is an independent oil and gas company engaged in the exploration development production and acquisition of oil and natural gas properties in 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 Company’s operations in the Anadarko basin are primarily focused on the Cleveland formation along with the Tonkawa Marmaton Granite Wash Atoka shale and Cherokee shale formations located in the eastern portion of the Texas Panhandle and western Oklahoma. The Company’s properties in the Arkoma basin produce primarily from the Woodford formation. As of December 31 2014 the Company’s total estimated proved reserves were 115.3 million barrels of oil equivalent (MMBoe). As of December 31 2014 the Company’s properties included 947 gross producing wells.