Analysts Anticipate Jones Energy, Inc. (JONE) Will Announce Earnings of -$0.17 Per Share
Equities analysts expect that Jones Energy, Inc. (NYSE:JONE) will report earnings of ($0.17) per share for the current quarter, according to Zacks. Four analysts have made estimates for Jones Energy’s earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.12). Jones Energy posted earnings of ($0.02) per share during the same quarter last year, which would suggest a negative year over year growth rate of 750%. The business is scheduled to report its next earnings results after the market closes on Tuesday, November 7th.
On average, analysts expect that Jones Energy will report full year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.08). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.60) per share, with EPS estimates ranging from ($1.08) to ($0.09). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Jones Energy.
Jones Energy (NYSE:JONE) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.30. Jones Energy had a negative net margin of 79.19% and a positive return on equity of 0.09%. The business had revenue of $48.60 million for the quarter, compared to the consensus estimate of $53.93 million. During the same period in the previous year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was up 67.0% on a year-over-year basis.
Several research analysts have recently issued reports on JONE shares. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 target price on the stock in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, J P Morgan Chase & Co downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target on the stock. in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Jones Energy presently has an average rating of “Hold” and a consensus price target of $3.96.
In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 143,081 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $1.62, for a total transaction of $231,791.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 1,445,391 shares of company stock worth $2,107,850 over the last 90 days. Corporate insiders own 37.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of JONE. Bank of New York Mellon Corp raised its holdings in shares of Jones Energy by 16.6% in the first quarter. Bank of New York Mellon Corp now owns 345,619 shares of the oil and gas producer’s stock valued at $881,000 after purchasing an additional 49,175 shares during the last quarter. Swiss National Bank raised its holdings in shares of Jones Energy by 8.7% in the first quarter. Swiss National Bank now owns 97,215 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 7,815 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Jones Energy by 55.2% in the first quarter. Ameriprise Financial Inc. now owns 1,459,533 shares of the oil and gas producer’s stock valued at $3,722,000 after purchasing an additional 518,836 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Jones Energy by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,601 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 4,170 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Jones Energy by 376.9% in the first quarter. Wellington Management Group LLP now owns 1,448,333 shares of the oil and gas producer’s stock valued at $3,693,000 after purchasing an additional 1,144,613 shares during the last quarter. Institutional investors own 59.57% of the company’s stock.
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Jones Energy Company Profile
Jones Energy, Inc is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma.
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