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Investors in Jones Energy Inc saw new options begin trading today, for the January 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Investors considering a purchase of Jones Energy Inc stock, but cautious about paying the going market price of $3.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $2.50 strike, which has a bid at the time of this writing of 15 cents.
CLR intends to sell operated Oklahoma acreage that should fetch over $325 million.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Jones Energy Inc , where a total of 10,969 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 150.3% of JONE's average daily trading volume over the past month of 729,620 shares.
In recent trading, shares of Jones Energy Inc have crossed above the average analyst 12-month target price of $5.04, changing hands for $5.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 3,180,807 share increase in total short interest for Jones Energy Inc , to 15,688,541, an increase of 25.43% since 10/14/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Stifel lifted Jones Energy's (JONE) stock rating to 'buy' this morning, citing upside from its exposure to the emerging southern extension of Oklahoma's STACK/SCOOP play.
The most recent short interest data has been released for the 09/15/2016 settlement date, which shows a 2,363,248 share increase in total short interest for Jones Energy Inc , to 8,668,827, an increase of 37.48% since 08/31/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Jones Energy's (JONE) stock price target was decreased at Barclays to $2.50 this morning.
The investments follow a flurry of deals in the region, including DiamondBack Energy Inc.'s purchase of properties in the Delaware Basin from Natural Gas Partners-backed Luxe Energy for $560 million.
Oil and gas properties continue to exchange hands at what many think may be the bottom of the downturn.