Brokerages predict that Jones Energy Inc (NYSE:JONE) will announce earnings of ($0.20) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Jones Energy’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.14). Jones Energy posted earnings per share of ($0.06) in the same quarter last year, which would indicate a negative year-over-year growth rate of 233.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 14th.
On average, analysts expect that Jones Energy will report full-year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.18). For the next fiscal year, analysts forecast that the business will report earnings of ($0.90) per share, with EPS estimates ranging from ($1.09) to ($0.53). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Jones Energy.
A number of equities research analysts have commented on the company. ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Zacks Investment Research cut Jones Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. SunTrust Banks cut Jones Energy from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a report on Tuesday, January 2nd. JPMorgan Chase & Co. cut Jones Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Finally, Stephens cut Jones Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $1.88.
In other news, major shareholder Metalmark Capital Ii Llc sold 298,045 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1.06, for a total transaction of $315,927.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 934,967 shares of company stock worth $983,564 in the last 90 days. Insiders own 37.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of Jones Energy during the second quarter worth $104,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Jones Energy in the 4th quarter worth $110,000. Parametric Portfolio Associates LLC raised its position in shares of Jones Energy by 140.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,108 shares of the oil and gas producer’s stock worth $160,000 after buying an additional 58,507 shares during the period. Virtu KCG Holdings LLC raised its position in shares of Jones Energy by 479.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 103,723 shares of the oil and gas producer’s stock worth $166,000 after buying an additional 85,831 shares during the period. Finally, TIAA CREF Investment Management LLC raised 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 period. Institutional investors and hedge funds own 58.94% of the company’s stock.
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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