Zacks: Analysts Expect Jones Energy Inc (JONE) Will Announce Earnings of -$0.20 Per Share

Wall Street analysts expect Jones Energy Inc (NYSE:JONE) to post earnings of ($0.20) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Jones Energy’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.26). Jones Energy posted earnings per share of ($0.06) during the same quarter last year, which would indicate a negative year over year growth rate of 233.3%. The business is expected to issue its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that Jones Energy will report full-year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.18). For the next fiscal year, analysts expect that the business will post earnings of ($0.88) per share, with EPS estimates ranging from ($1.20) to ($0.41). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Jones Energy.

JONE has been the subject of a number of recent analyst reports. ValuEngine lowered Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Jones Energy from a “hold” rating to a “strong-buy” rating and set a $1.75 price target for the company in a research report on Wednesday, October 11th. Barclays reduced their price target on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating for the company in a research report on Monday, November 20th. JPMorgan Chase & Co. lowered shares of Jones Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Finally, Stephens lowered shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Jones Energy presently has an average rating of “Hold” and a consensus target price of $1.88.

Shares of Jones Energy (NYSE JONE) traded down $0.02 during trading hours on Thursday, reaching $1.22. The company’s stock had a trading volume of 815,951 shares, compared to its average volume of 1,067,544. Jones Energy has a fifty-two week low of $0.73 and a fifty-two week high of $4.74. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. The stock has a market cap of $119.65, a price-to-earnings ratio of -0.43 and a beta of 2.63.

In other news, major shareholder Metalmark Capital Ii Llc sold 54,723 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $1.27, for a total transaction of $69,498.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,391,331 shares of company stock valued at $2,842,725 in the last ninety days. Insiders own 37.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Penn Capital Management Co. Inc. grew its stake in shares of Jones Energy by 9.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock valued at $2,404,000 after acquiring an additional 130,842 shares during the period. Q Global Advisors LLC grew its stake in shares of Jones Energy by 4,993.7% during the 3rd quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock valued at $8,953,000 after acquiring an additional 4,571,577 shares during the period. Contrarian Capital Management L.L.C. bought a new position in shares of Jones Energy during the 3rd quarter valued at approximately $1,430,000. Columbia Pacific Advisors LLC grew its stake in shares of Jones Energy by 13.0% during the 2nd quarter. Columbia Pacific Advisors LLC now owns 550,556 shares of the oil and gas producer’s stock valued at $881,000 after acquiring an additional 63,500 shares during the period. Finally, Phoenix Investment Adviser LLC bought a new position in shares of Jones Energy during the 3rd quarter valued at approximately $1,039,000. Institutional investors own 59.30% of the company’s stock.

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About Jones Energy

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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