Continued Level of Significant Insider Selling at Jones Energy (JONE)

Thursday, November 09, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Jones Energy (JONE)

There was a significant insider sale of Jones Energy shares today, as disclosed in a filing with the SEC as — Metalmark Capital II LLC, 10% Owner — sold 1,148,199 shares in the company having a market value of approximately $1,737,340 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,333,013 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,481,212 shares and have averaged 1,740,606 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Jones Energy is higher than the 187-company peer group average. Oil & Gas Exploration and Production peer group saw 124 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Jones Energy insiders was also higher. Within the peer group there were 8,364,621 shares purchased and 4,891,312 shares sold with company insiders purchasing 58,870 shares on average.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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