Scepter Holdings adds Jones Energy Inc (JONE) to its portfolio

Jones Energy Inc (JONE) : Scepter Holdings added new position in Jones Energy Inc during the most recent quarter end. The investment management firm now holds 842,384 shares of Jones Energy Inc which is valued at $2,889,377 , the company said in a statement filed on Aug 15, 2016 with the SEC.Jones Energy Inc makes up approximately 9.45% of Scepter Holdings’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in JONE in the latest quarter, The investment management firm added 5,913 additional shares and now holds a total of 202,090 shares of Jones Energy Inc which is valued at $693,169.Oxford Asset Management reduced its stake in JONE by selling 105,053 shares or 79.77% in the most recent quarter. The Hedge Fund company now holds 26,634 shares of JONE which is valued at $91,088.California Public Employees Retirement System reduced its stake in JONE by selling 5,800 shares or 5.46% in the most recent quarter. The Hedge Fund company now holds 100,500 shares of JONE which is valued at $342,705.

Jones Energy Inc (JONE) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.74 and reached the intraday high at $2.85. The bulls started the profit booking and pushed the shares to intraday low of $2.74. The trading session was marked by a volume range of 13,58,762 shares exchanging hands. The 52-week high of the shares is $6.05 and the 52-week low is $1.155. The market cap of the company stands at $174 M and there are 6,26,91,648 shares in public circulation.

On the company’s financial health, Jones Energy Inc reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.07. The company had revenue of $29.10 million for the quarter, compared to analysts expectations of $40.77 million. The company’s revenue was down -46.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Jones Energy Inc. Shares were Reiterated by Imperial Capital on Aug 22, 2016 to “Outperform” and Lowered the Price Target to $ 3.75 from a previous price target of $5.50 .Shares were Downgraded by Barclays on Aug 10, 2016 to ” Underweight” and Lowered the Price Target to $ 3 from a previous price target of $3.50 .Jones Energy Inc was Upgraded by Iberia to ” Outperform” on May 24, 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.

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