Brokerages expect that Jones Energy Inc (NYSE:JONE) will post ($0.24) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jones Energy’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.11). Jones Energy reported earnings of $0.01 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2,500%. The firm is scheduled to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Jones Energy will report full-year earnings of ($0.92) per share for the current financial year, with EPS estimates ranging from ($1.08) to ($0.49). For the next fiscal year, analysts forecast that the business will post earnings of ($0.79) per share, with EPS estimates ranging from ($0.98) to ($0.42). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Jones Energy.
Jones Energy (NYSE:JONE) last released its earnings results on Tuesday, February 27th. The oil and gas producer reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.13). Jones Energy had a negative return on equity of 4.41% and a negative net margin of 57.54%. The business had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $55.17 million.
A number of research firms have weighed in on JONE. Zacks Investment Research lowered shares of Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. ValuEngine lowered shares of Jones Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. SunTrust Banks lowered shares of Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research note on Tuesday, January 2nd. Stephens reaffirmed a “hold” rating and set a $1.00 price target on shares of Jones Energy in a research report on Thursday, March 15th. Finally, JPMorgan Chase lowered shares of Jones Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $1.75.
JONE opened at $0.71 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.30. Jones Energy has a 1-year low of $0.61 and a 1-year high of $2.70.
Several hedge funds have recently added to or reduced their stakes in JONE. Q Global Advisors LLC raised its position 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 buying an additional 4,571,577 shares during the period. Brookfield Asset Management Inc. raised its position in shares of Jones Energy by 57.6% during the 4th quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock valued at $2,640,000 after buying an additional 877,268 shares during the period. Contrarian Capital Management L.L.C. purchased a new stake in shares of Jones Energy during the 3rd quarter valued at approximately $1,430,000. Cambrian Capital Limited Partnership purchased a new stake in shares of Jones Energy during the 4th quarter valued at approximately $714,000. Finally, California Public Employees Retirement System raised its position in shares of Jones Energy by 46.1% during the 4th quarter. California Public Employees Retirement System now owns 790,881 shares of the oil and gas producer’s stock valued at $870,000 after buying an additional 249,561 shares during the period. 59.05% of the stock is currently owned by hedge funds and other institutional investors.
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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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