Analysts expect that Jones Energy Inc (NYSE:JONE) will post $55.17 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Jones Energy’s earnings, with the highest sales estimate coming in at $62.32 million and the lowest estimate coming in at $52.00 million. Jones Energy posted sales of $39.49 million during the same quarter last year, which would indicate a positive year over year growth rate of 39.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Jones Energy will report full year sales of $55.17 million for the current year, with estimates ranging from $186.00 million to $216.08 million. For the next financial year, analysts forecast that the business will report sales of $232.82 million per share, with estimates ranging from $217.31 million to $242.18 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Jones Energy.
A number of research analysts recently weighed in on JONE shares. Barclays cut their target price on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating for the company in a report on Monday, November 20th. Zacks Investment Research raised shares of Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of Jones Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Stephens lowered shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Jones Energy from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $1.88.
In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 162,000 shares of Jones Energy stock in a transaction on Friday, November 24th. The shares were sold at an average price of $1.05, for a total transaction of $170,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 584,267 shares of company stock valued at $613,329 over the last ninety days. 37.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Country Club Trust Company n.a. lifted its position in shares of Jones Energy by 104.7% during the fourth quarter. Country Club Trust Company n.a. now owns 440,000 shares of the oil and gas producer’s stock worth $484,000 after purchasing an additional 225,000 shares during the last quarter. Q Global Advisors LLC lifted its position in shares of Jones Energy by 4,993.7% during 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 purchasing an additional 4,571,577 shares during the last quarter. Goodman Financial Corp lifted its position in shares of Jones Energy by 8.6% during the fourth quarter. Goodman Financial Corp now owns 1,931,702 shares of the oil and gas producer’s stock worth $2,125,000 after purchasing an additional 153,572 shares during the last quarter. Contrarian Capital Management L.L.C. bought a new stake in shares of Jones Energy during the third quarter worth $1,430,000. Finally, California Public Employees Retirement System lifted its position in shares of Jones Energy by 44.9% during the third quarter. California Public Employees Retirement System now owns 541,320 shares of the oil and gas producer’s stock worth $1,039,000 after purchasing an additional 167,725 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.
Jones Energy (NYSE:JONE) traded up $0.01 during mid-day trading on Friday, hitting $1.01. 704,200 shares of the company were exchanged, compared to its average volume of 1,033,797. Jones Energy has a 1 year low of $0.73 and a 1 year high of $3.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $99.05, a price-to-earnings ratio of -0.36 and a beta of 2.58.
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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