Jones Energy, Inc. (NYSE:JONE) will announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.
Jones Energy (NYSE:JONE) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.30. Jones Energy had a positive return on equity of 0.09% and a negative net margin of 79.19%. The firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $53.93 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s quarterly revenue was up 67.0% compared to the same quarter last year. On average, analysts expect Jones Energy to post $-0.23 EPS for the current fiscal year and $-0.6 EPS for the next fiscal year.
Shares of Jones Energy, Inc. (NYSE JONE) traded down 2.38% on Monday, reaching $1.23. The company’s stock had a trading volume of 327,482 shares. The company’s market cap is $89.49 million. The company has a 50 day moving average price of $1.47 and a 200 day moving average price of $1.62. Jones Energy, Inc. has a 52-week low of $0.85 and a 52-week high of $4.91.
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In other news, major shareholder Metalmark Capital Ii Llc sold 157,808 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $1.66, for a total value of $261,961.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,307,291 shares of company stock valued at $1,933,494 in the last 90 days. 37.20% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Jones Energy stock. State Street Corp grew its stake in Jones Energy, Inc. (NYSE:JONE) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,217 shares of the oil and gas producer’s stock after acquiring an additional 26,539 shares during the period. State Street Corp owned 1.37% of Jones Energy worth $1,603,000 at the end of the most recent quarter. Institutional investors and hedge funds own 59.57% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Jones Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co downgraded Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target on the stock. in a research note on Thursday, July 20th. Finally, ValuEngine raised Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.96.
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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