Capital One Financial Weighs in on Jones Energy Inc’s Q4 2017 Earnings (JONE)

Jones Energy Inc (NYSE:JONE) – Investment analysts at Capital One Financial raised their Q4 2017 earnings estimates for Jones Energy in a research note issued on Monday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings of ($0.12) per share for the quarter, up from their previous estimate of ($0.13). Capital One Financial also issued estimates for Jones Energy’s Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.10) EPS and FY2018 earnings at ($0.42) EPS.

Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. Jones Energy had a negative return on equity of 0.80% and a negative net margin of 105.90%.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays dropped 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. Stephens lowered Jones Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. ValuEngine lowered Jones Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, 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 note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $1.88.

Shares of Jones Energy (JONE) opened at $1.25 on Wednesday. Jones Energy has a 52 week low of $0.73 and a 52 week high of $4.80. 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 225,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $1.04, for a total value of $234,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 1,159,967 shares of company stock worth $1,217,564. 37.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers purchased a new stake in Jones Energy in the second quarter valued at approximately $104,000. Schwab Charles Investment Management Inc. purchased a new stake in Jones Energy in the fourth quarter valued at approximately $110,000. Parametric Portfolio Associates LLC boosted its position 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. Virtu KCG Holdings LLC lifted 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 acquiring an additional 85,831 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in Jones Energy by 2.7% in the second quarter. TIAA CREF Investment Management LLC now owns 154,222 shares of the oil and gas producer’s stock valued at $247,000 after acquiring an additional 3,983 shares during the period. Hedge funds and other institutional investors own 59.30% of the company’s stock.

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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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