Equities research analysts expect that Jones Energy, Inc. (NYSE:JONE) will announce sales of $58.45 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Jones Energy’s earnings. The lowest sales estimate is $53.80 million and the highest is $62.32 million. Jones Energy reported sales of $39.49 million during the same quarter last year, which indicates a positive year over year growth rate of 48%. The company is scheduled to report its next earnings report on Wednesday, March 14th.
On average, analysts expect that Jones Energy will report full-year sales of $58.45 million for the current year, with estimates ranging from $190.70 million to $211.91 million. For the next year, analysts forecast that the firm will report sales of $256.45 million per share, with estimates ranging from $233.50 million to $284.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Jones Energy.
Several equities research analysts have recently commented on JONE shares. Zacks Investment Research cut shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stephens cut shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. ValuEngine cut shares of Jones Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Barclays PLC decreased 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 note on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Jones Energy presently has an average rating of “Hold” and an average price target of $3.75.
Shares of Jones Energy (JONE) opened at $1.03 on Wednesday. Jones Energy has a 12-month low of $0.85 and a 12-month high of $5.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56.
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In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 322,645 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $1.28, for a total transaction of $412,985.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 2,504,924 shares of company stock valued at $3,401,190. 37.20% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Q Global Advisors LLC grew its stake in shares of Jones Energy by 4,993.7% in the third quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock worth $8,953,000 after acquiring an additional 4,571,577 shares during the period. Vanguard Group Inc. grew its stake in shares of Jones Energy by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,445,426 shares of the oil and gas producer’s stock worth $6,236,000 after acquiring an additional 66,526 shares during the period. Goodman Financial Corp grew its stake in shares of Jones Energy by 12.6% in the second quarter. Goodman Financial Corp now owns 1,707,549 shares of the oil and gas producer’s stock worth $2,732,000 after acquiring an additional 191,622 shares during the period. Penn Capital Management Co. Inc. grew its stake in shares of Jones Energy by 9.5% in the second quarter. Penn Capital Management Co. Inc. now owns 1,502,361 shares of the oil and gas producer’s stock worth $2,404,000 after acquiring an additional 130,842 shares during the period. Finally, State Street Corp grew its stake in shares of Jones Energy by 2.7% in the second quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after acquiring an additional 26,539 shares during the period. Hedge funds and other institutional investors own 54.86% of the company’s stock.
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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