Jones Energy Inc (NYSE:JONE) – Stock analysts at Seaport Global Securities decreased their Q4 2017 earnings per share (EPS) estimates for shares of Jones Energy in a note issued to investors on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will earn ($0.26) per share for the quarter, down from their previous forecast of ($0.15). Seaport Global Securities also issued estimates for Jones Energy’s Q1 2018 earnings at ($0.34) EPS, Q2 2018 earnings at ($0.35) EPS, Q3 2018 earnings at ($0.28) EPS and FY2018 earnings at ($1.20) EPS.
A number of other brokerages also recently issued reports on JONE. ValuEngine downgraded Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Zacks Investment Research downgraded Jones Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Stephens downgraded Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. SunTrust Banks downgraded Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research note on Tuesday, January 2nd. Finally, Barclays reduced their target price on Jones Energy from $1.50 to $0.50 and set an “underweight” rating for the company in a research note on Monday, November 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.88.
Shares of Jones Energy (NYSE:JONE) traded down $0.02 during trading hours on Friday, reaching $1.22. The company’s stock had a trading volume of 815,951 shares, compared to its average volume of 1,420,000. Jones Energy has a one year low of $0.73 and a one year high of $4.74. The firm has a market capitalization of $119.65, a P/E ratio of -0.46 and a beta of 2.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.56.
In other news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $1.01, for a total transaction of $63,610.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 2,391,331 shares of company stock valued at $2,842,725. Corporate insiders own 37.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Jones Energy by 382.6% during the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 32,554 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Jones Energy during the second quarter worth approximately $104,000. Q Global Advisors LLC purchased a new stake in shares of Jones Energy during the second quarter worth approximately $146,000. Parametric Portfolio Associates LLC increased its position in shares of Jones Energy by 140.6% during the second quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 58,507 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its position in shares of Jones Energy by 479.7% during the second quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock worth $166,000 after purchasing an additional 85,831 shares in the last quarter. Hedge funds and other 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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