Q4 2017 EPS Estimates for Jones Energy Inc (JONE) Reduced by Analyst

Jones Energy Inc (NYSE:JONE) – Stock analysts at Capital One Financial cut their Q4 2017 earnings estimates for shares of Jones Energy in a report released on Tuesday. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will post earnings of ($0.14) per share for the quarter, down from their previous forecast of ($0.12). Capital One Financial also issued estimates for Jones Energy’s Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.14) EPS and FY2018 earnings at ($0.53) EPS.

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

Several other equities research analysts have also issued reports on the stock. Barclays reduced their target price on shares of Jones Energy from $1.50 to $0.50 and set an “underweight” rating for the company in a report on Monday, November 20th. Zacks Investment Research raised shares of Jones Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine lowered shares of Jones Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Stephens lowered shares of Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Jones Energy has a consensus rating of “Hold” and an average price target of $1.88.

Shares of Jones Energy (JONE) opened at $1.30 on Thursday. The stock has a market cap of $122.59, a P/E ratio of -0.46 and a beta of 2.58. Jones Energy has a fifty-two week low of $0.73 and a fifty-two week high of $4.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07.

Institutional investors and hedge funds have recently made changes to their positions in the business. Q Global Advisors LLC boosted its position in shares of Jones Energy by 4,993.7% during the 3rd quarter. Q Global Advisors LLC now owns 4,663,124 shares of the oil and gas producer’s stock valued at $8,953,000 after acquiring an additional 4,571,577 shares during the last quarter. Contrarian Capital Management L.L.C. bought a new position in shares of Jones Energy during the 3rd quarter valued at approximately $1,430,000. Phoenix Investment Adviser LLC bought a new position in shares of Jones Energy during the 3rd quarter valued at approximately $1,039,000. California Public Employees Retirement System boosted its position in shares of Jones Energy by 46.1% during the 4th quarter. California Public Employees Retirement System now owns 790,881 shares of the oil and gas producer’s stock valued at $870,000 after acquiring an additional 249,561 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Jones Energy by 8,977.4% during the 4th quarter. Bank of Montreal Can now owns 232,562 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 230,000 shares during the last quarter. 59.30% of the stock is owned by institutional investors and hedge funds.

In other Jones Energy news, major shareholder Metalmark Capital Ii Llc sold 61,241 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1.04, for a total transaction of $63,690.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 1,159,967 shares of company stock valued at $1,217,564. Insiders own 37.20% 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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