Zacks: Brokerages Expect Jones Energy Inc (JONE) to Announce -$0.27 EPS

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Brokerages expect that Jones Energy Inc (NYSE:JONE) will announce earnings of ($0.27) per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Jones Energy’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.40). Jones Energy posted earnings of ($0.13) per share during the same quarter last year, which would indicate a negative year over year growth rate of 107.7%. The company is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Jones Energy will report full year earnings of ($1.11) per share for the current year, with EPS estimates ranging from ($1.46) to ($0.75). For the next year, analysts expect that the business will post earnings of ($0.75) per share, with EPS estimates ranging from ($1.09) to ($0.47). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Jones Energy.

Jones Energy (NYSE:JONE) last posted its earnings results on Monday, August 6th. The oil and gas producer reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.02). Jones Energy had a negative net margin of 38.28% and a negative return on equity of 16.15%. The business had revenue of $65.26 million during the quarter, compared to analysts’ expectations of $56.57 million.

A number of equities research analysts have recently weighed in on the company. ValuEngine cut Jones Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Jones Energy in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.06.

In other Jones Energy news, VP Robert J. Brooks sold 285,511 shares of the stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $0.38, for a total transaction of $108,494.18. Following the sale, the vice president now owns 311,004 shares in the company, valued at approximately $118,181.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonny Jones sold 214,410 shares of Jones Energy stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $0.38, for a total value of $81,475.80. Following the sale, the director now directly owns 284,168 shares in the company, valued at approximately $107,983.84. The disclosure for this sale can be found here. Insiders have sold a total of 530,331 shares of company stock valued at $201,526 over the last three months. 32.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Q Global Advisors LLC raised its holdings in shares of Jones Energy by 3.2% during the first quarter. Q Global Advisors LLC now owns 4,845,417 shares of the oil and gas producer’s stock valued at $3,876,000 after buying an additional 151,840 shares during the last quarter. Marathon Asset Management LP bought a new stake in shares of Jones Energy during the first quarter valued at approximately $1,430,000. Goldman Sachs Group Inc. raised its holdings in shares of Jones Energy by 68.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 219,037 shares of the oil and gas producer’s stock valued at $241,000 after buying an additional 89,224 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Jones Energy by 4.7% during the fourth quarter. BlackRock Inc. now owns 3,763,979 shares of the oil and gas producer’s stock valued at $4,141,000 after buying an additional 168,853 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Jones Energy by 22.6% during the fourth quarter. Bank of New York Mellon Corp now owns 328,219 shares of the oil and gas producer’s stock valued at $361,000 after buying an additional 60,510 shares during the last quarter. 60.28% of the stock is currently owned by institutional investors.

NYSE:JONE traded down $0.04 on Friday, reaching $0.50. The company’s stock had a trading volume of 1,706,415 shares, compared to its average volume of 1,292,978. Jones Energy has a 12-month low of $0.28 and a 12-month high of $2.21. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.28.

Jones Energy Company Profile

Jones Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent United States. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko Basin in Oklahoma and Texas.

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