Wall Street analysts expect that Jones Energy Inc (NYSE:JONE) will announce $54.71 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Jones Energy’s earnings, with the lowest sales estimate coming in at $50.40 million and the highest estimate coming in at $62.32 million. Jones Energy posted sales of $39.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 38.5%. The firm is expected to report its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that Jones Energy will report full year sales of $54.71 million for the current fiscal year, with estimates ranging from $184.50 million to $216.80 million. For the next fiscal year, analysts expect that the company will post sales of $240.07 million per share, with estimates ranging from $226.76 million to $258.40 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Jones Energy.

Several research firms recently issued reports on JONE. SunTrust Banks lowered Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Tuesday, January 2nd. ValuEngine lowered Jones Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Jones Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Stephens lowered Jones Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. lowered Jones Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Jones Energy presently has a consensus rating of “Hold” and an average target price of $1.88.

Jones Energy (JONE) opened at $1.22 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Jones Energy has a 1 year low of $0.73 and a 1 year high of $5.15. The stock has a market capitalization of $121.61, a P/E ratio of -0.43 and a beta of 2.63.

In other news, major shareholder Metalmark Capital Ii Llc sold 54,723 shares of Jones Energy stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $1.27, for a total value of $69,498.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 2,391,331 shares of company stock worth $2,842,725. Corporate insiders own 37.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Jones Energy by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 222,567 shares of the oil and gas producer’s stock worth $357,000 after buying an additional 1,328 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Jones Energy by 2.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock worth $247,000 after buying an additional 3,983 shares during the last quarter. State Street Corp grew its position in shares of Jones Energy by 2.7% in the 2nd quarter. State Street Corp now owns 1,000,217 shares of the oil and gas producer’s stock worth $1,603,000 after buying an additional 26,539 shares during the last quarter. Northern Trust Corp grew its position in shares of Jones Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 735,081 shares of the oil and gas producer’s stock worth $1,176,000 after buying an additional 32,093 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Jones Energy by 17.3% in the 2nd quarter. California Public Employees Retirement System now owns 373,595 shares of the oil and gas producer’s stock worth $598,000 after buying an additional 55,198 shares during the last quarter. Hedge funds and other institutional investors own 59.30% of the company’s stock.

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Jones Energy Company Profile

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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