FY2017 EPS Estimates for Jones Energy Inc (JONE) Lifted by SunTrust Banks

Jones Energy Inc (NYSE:JONE) – Analysts at SunTrust Banks boosted their FY2017 earnings per share (EPS) estimates for Jones Energy in a report issued on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings of ($0.24) per share for the year, up from their previous forecast of ($0.25). SunTrust Banks has a “Hold” rating and a $1.00 price target on the stock. SunTrust Banks also issued estimates for Jones Energy’s Q4 2017 earnings at ($0.19) EPS, FY2018 earnings at ($0.90) EPS, FY2019 earnings at ($0.75) EPS and FY2020 earnings at ($0.89) EPS.

A number of other research analysts have also recently commented on JONE. ValuEngine upgraded Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded Jones Energy from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, October 4th. Stephens cut Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Barclays cut their price target on Jones Energy from $1.50 to $0.50 and set an “underweight” rating on the stock in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. cut Jones Energy from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. Four 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 stock has an average rating of “Hold” and an average price target of $1.88.

Jones Energy (JONE) opened at $1.18 on Thursday. The company has a market capitalization of $104.94, a PE ratio of -0.42 and a beta of 2.63. Jones Energy has a one year low of $0.73 and a one year high of $5.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56.

In related news, major shareholder Metalmark Capital Ii Llc sold 62,981 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $1.01, for a total value of $63,610.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 2,939,002 shares of company stock worth $3,679,001. Insiders own 37.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JONE. Cetera Investment Advisers bought a new stake in Jones Energy in the second quarter valued at about $104,000. Bank of America Corp DE increased its holdings in Jones Energy by 382.6% in the first quarter. Bank of America Corp DE now owns 41,062 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 32,554 shares during the last quarter. Q Global Advisors LLC bought a new stake in Jones Energy in the second quarter valued at about $146,000. Parametric Portfolio Associates LLC increased its holdings in Jones Energy by 140.6% in the second quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 58,507 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in Jones Energy by 479.7% in the second quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 85,831 shares during the last quarter. 59.30% of the stock is owned by hedge funds and other institutional investors.

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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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