Brokerages predict that Jones Energy Inc (NYSE:JONE) will announce earnings of ($5.08) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Jones Energy’s earnings. Jones Energy posted earnings per share of ($6.40) in the same quarter last year, which suggests a positive year over year growth rate of 20.6%. The business is expected to announce its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Jones Energy will report full-year earnings of ($19.42) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of ($19.26) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Jones Energy.
Get Jones Energy alerts:Separately, Zacks Investment Research raised Jones Energy from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, November 28th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.17.
JONE stock traded down $0.10 during midday trading on Friday, hitting $0.24. 504,181 shares of the stock were exchanged, compared to its average volume of 86,736. The stock has a market cap of $1.08 million, a PE ratio of -0.03 and a beta of 3.09. Jones Energy has a fifty-two week low of $0.14 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.10 and a current ratio of 1.10.
In other Jones Energy news, major shareholder Advisors L.L.C. Jvl sold 81,000 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $0.63, for a total transaction of $51,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.10% of the company’s stock.
A hedge fund recently bought a new stake in Jones Energy stock. Dimensional Fund Advisors LP acquired a new stake in Jones Energy Inc (NYSE:JONE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,392 shares of the oil and gas producer’s stock, valued at approximately $194,000. Dimensional Fund Advisors LP owned 0.63% of Jones Energy as of its most recent SEC filing.
About Jones Energy
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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