Revenue Update on Jones Energy Inc(NYSE:JONE)

Jones Energy Inc(NYSE:JONE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $29.14M. Analysts estimated a revenue of $44.03M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.05.

In a different note, On May 24, 2016, IBERIA Capital said it Upgrades its rating on Jones Energy Inc. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 24, 2016, Iberia Capital said it Upgrades its rating on Jones Energy Inc. The shares have been rated ‘Outperform’ by the firm. On May 12, 2016, Barclays said it Maintains its rating on Jones Energy Inc. In the research note, the firm Raises the price-target to $2.50 per share. The shares have been rated ‘Equalweight’ by the firm.

Jones Energy Inc (JONE) made into the market gainers list on Fridays trading session with the shares advancing 0.29% or 0.01 points. Due to strong positive momentum, the stock ended at $3.43, which is also near the day’s high of $3.53. The stock began the session at $3.53 and the volume stood at 83,113 shares. The 52-week high of the shares is $6.5 and the 52 week low is $1.155. The company has a current market capitalization of $215 M and it has 6,26,91,648 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Robert J. Brooks (Executive VP & CFO) sold 5,000 shares at $4.31 per share price.Also, On Apr 20, 2016, Jeffrey Alan Tanner (Executive VP & CFO) sold 4,500 shares at $3.65 per share price.On Apr 20, 2016, Mike Mcconnell (President) sold 41,127 shares at $3.66 per share price, according to the Form-4 filing with the securities and exchange commission.

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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