Jones Energy Inc (JONE) Expected to Announce Quarterly Sales of $57.87 Million

Analysts predict that Jones Energy Inc (NYSE:JONE) will post $57.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Jones Energy’s earnings. The lowest sales estimate is $46.00 million and the highest is $65.00 million. Jones Energy posted sales of $44.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.9%. The business is expected to report its next earnings results on Tuesday, November 6th.

On average, analysts expect that Jones Energy will report full-year sales of $227.20 million for the current fiscal year, with estimates ranging from $196.00 million to $245.00 million. For the next year, analysts forecast that the business will report sales of $243.07 million per share, with estimates ranging from $233.20 million to $257.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Jones Energy.

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



Several equities analysts have recently weighed in on the company. ValuEngine downgraded Jones Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, April 27th. Seaport Global Securities restated a “neutral” rating on shares of Jones Energy in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.06.

Jones Energy traded down $0.04, reaching $0.50, during mid-day trading on Tuesday, MarketBeat reports. 1,706,415 shares of the company’s stock were exchanged, compared to its average volume of 1,292,978. The company has a current ratio of 1.28, a quick ratio of 1.69 and a debt-to-equity ratio of 1.94. Jones Energy has a 12-month low of $0.28 and a 12-month high of $2.21.

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

A number of hedge funds have recently bought and sold shares of JONE. Marathon Asset Management LP acquired a new stake in Jones Energy during the first quarter worth $1,430,000. BlackRock Inc. increased its stake in 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 worth $4,141,000 after acquiring an additional 168,853 shares during the last quarter. Q Global Advisors LLC increased its stake in 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 worth $3,876,000 after acquiring an additional 151,840 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in 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 worth $241,000 after acquiring an additional 89,224 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 worth $361,000 after acquiring an additional 60,510 shares during the last quarter. 60.28% of the stock is owned by institutional investors.

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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