Jones Energy (JONE) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Jones Energy (NASDAQ:JONE) released its earnings data on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03, Analyst Ratings Net reports. The company had revenue of $106.39 million for the quarter, compared to the consensus estimate of $93.50 million.
Shares of Jones Energy (NASDAQ:JONE) traded up 2.03% on Wednesday, hitting $18.09. The stock had a trading volume of 83,567 shares. Jones Energy has a 52-week low of $13.05 and a 52-week high of $20.79. The stock has a 50-day moving average of $18.88 and a 200-day moving average of $16.66. The company has a market cap of $226.6 million and a P/E ratio of 206.16.
A number of analysts have recently weighed in on JONE shares. Analysts at Barclays raised their price target on shares of Jones Energy from $17.00 to $22.00 in a research note on Wednesday, July 23rd. On the ratings front, analysts at Zacks upgraded shares of Jones Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $21.20 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of Jones Energy from $23.00 to $24.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.53.
Jones Energy, Inc is an independent oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.
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