Jones Energy, Inc. (NYSE:JONE) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Jones Energy to post earnings of ($0.18) per share for the quarter.

Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.30. The business had revenue of $48.60 million during the quarter, compared to analysts’ expectations of $53.93 million. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The firm’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. On average, analysts expect Jones Energy to post $-0.22 EPS for the current fiscal year and $-0.56 EPS for the next fiscal year.

Shares of Jones Energy, Inc. (NYSE:JONE) traded up 3.543% during midday trading on Tuesday, hitting $1.315. The company had a trading volume of 450,686 shares. The company’s market capitalization is $95.67 million. Jones Energy, Inc. has a 12-month low of $0.85 and a 12-month high of $4.91. The company’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.64.

In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of Jones Energy stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $1.66, for a total transaction of $261,961.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,004,156 shares of company stock valued at $1,540,749 over the last ninety days. 37.20% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Jones Energy stock. State Street Corp boosted its holdings in Jones Energy, Inc. (NYSE:JONE) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,000,217 shares of the oil and gas producer’s stock after purchasing an additional 26,539 shares during the period. State Street Corp owned approximately 1.37% of Jones Energy worth $1,603,000 at the end of the most recent reporting period. 59.57% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co lowered shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target for the company. in a research report on Thursday, July 20th. Finally, ValuEngine upgraded shares of Jones Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.96.

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.

Earnings History for Jones Energy (NYSE:JONE)

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