Jones Energy Inc (JONE) Expected to Earn Q1 2019 Earnings of ($0.26) Per Share

Jones Energy Inc (NYSE:JONE) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for Jones Energy in a research report issued to clients and investors on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly anticipates that the oil and gas producer will post earnings of ($0.26) per share for the quarter. Seaport Global Securities also issued estimates for Jones Energy’s Q2 2019 earnings at ($0.25) EPS, Q4 2019 earnings at ($0.23) EPS and FY2019 earnings at ($0.98) EPS.

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A number of other research analysts also recently commented on JONE. ValuEngine downgraded Jones Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. JPMorgan Chase downgraded Jones Energy from a “neutral” rating to an “underweight” rating in a research note on Friday, December 15th. SunTrust Banks downgraded 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. Zacks Investment Research upgraded Jones Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Stephens restated a “hold” rating and set a $1.00 price target on shares of Jones Energy in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $1.75.

JONE opened at $0.78 on Friday. Jones Energy has a one year low of $0.61 and a one year high of $2.70. The stock has a market capitalization of $65.93, a PE ratio of -1.86 and a beta of 2.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.30.

Jones Energy (NYSE:JONE) last released its quarterly earnings data on Tuesday, February 27th. The oil and gas producer reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.13). Jones Energy had a negative net margin of 57.54% and a negative return on equity of 4.41%. The business had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $55.17 million.

A number of large investors have recently added to or reduced their stakes in JONE. Q Global Advisors LLC grew its stake in 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 worth $8,953,000 after buying an additional 4,571,577 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in Jones Energy by 57.6% during the 4th quarter. Brookfield Asset Management Inc. now owns 2,400,000 shares of the oil and gas producer’s stock worth $2,640,000 after buying an additional 877,268 shares during the last quarter. Contrarian Capital Management L.L.C. purchased a new position in Jones Energy during the 3rd quarter worth approximately $1,430,000. Cambrian Capital Limited Partnership purchased a new position in Jones Energy during the 4th quarter worth approximately $714,000. Finally, California Public Employees Retirement System grew its stake in 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 worth $870,000 after buying an additional 249,561 shares during the last quarter. Hedge funds and other institutional investors own 59.05% 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.

Earnings History and Estimates for Jones Energy (NYSE:JONE)

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