Analysts Expect Jones Energy, Inc. (JONE) Will Post Quarterly Sales of $51.17 Million
Wall Street analysts expect that Jones Energy, Inc. (NYSE:JONE) will announce sales of $51.17 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Jones Energy’s earnings. The lowest sales estimate is $46.10 million and the highest is $56.63 million. Jones Energy reported sales of $29.14 million during the same quarter last year, which indicates a positive year over year growth rate of 75.6%. The company is expected to announce its next earnings report after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that Jones Energy will report full year sales of $51.17 million for the current financial year, with estimates ranging from $193.30 million to $228.42 million. For the next financial year, analysts expect that the business will post sales of $291.05 million per share, with estimates ranging from $189.30 million to $350.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Jones Energy.
A number of equities research analysts have commented on the stock. SunTrust Banks, Inc. restated a “buy” rating on shares of Jones Energy in a research note on Monday, March 13th. Stifel Nicolaus reiterated a “buy” rating and set a $5.00 target price on shares of Jones Energy in a research report on Monday, April 17th. Zacks Investment Research upgraded Jones Energy from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research report on Wednesday, April 19th. Barclays PLC restated an “underweight” rating and issued a $2.00 price objective (down from $3.00) on shares of Jones Energy in a report on Saturday, April 22nd. Finally, Seaport Global Securities lowered Jones Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $5.00 to $1.50 in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $4.36.
Jones Energy (NYSE JONE) traded down 3.70% during trading on Friday, hitting $1.30. 127,101 shares of the stock traded hands. Jones Energy has a 12 month low of $1.30 and a 12 month high of $5.34. The company has a 50-day moving average price of $1.93 and a 200-day moving average price of $3.14. The stock’s market cap is $85.20 million.
In other news, VP Eric Niccum sold 40,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1.91, for a total value of $76,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mike Mcconnell sold 38,927 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1.95, for a total value of $75,907.65. The disclosure for this sale can be found here. 37.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cpcm LLC raised its position in Jones Energy by 4.4% in the first quarter. Cpcm LLC now owns 346,750 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 14,750 shares during the period. UBS Oconnor LLC increased its stake in shares of Jones Energy by 48.1% in the first quarter. UBS Oconnor LLC now owns 1,591,271 shares of the oil and gas producer’s stock worth $4,058,000 after buying an additional 517,028 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Jones Energy by 358.0% in the first quarter. Goldman Sachs Group Inc. now owns 177,531 shares of the oil and gas producer’s stock worth $453,000 after buying an additional 138,766 shares during the period. Blackstone Group L.P. increased its stake in shares of Jones Energy by 8.7% in the first quarter. Blackstone Group L.P. now owns 863,034 shares of the oil and gas producer’s stock worth $2,201,000 after buying an additional 69,383 shares during the period. Finally, Columbia Pacific Advisors LLC increased its stake in shares of Jones Energy by 5.6% in the first quarter. Columbia Pacific Advisors LLC now owns 487,056 shares of the oil and gas producer’s stock worth $1,242,000 after buying an additional 26,026 shares during the period.
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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