Jones Energy, Inc. (JONE) Releases Earnings Results
Jones Energy, Inc. (NYSE:JONE) released its quarterly earnings results on Thursday. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.30, Bloomberg Earnings reports. Jones Energy had a negative net margin of 43.88% and a negative return on equity of 0.85%. The firm had revenue of $48.60 million during the quarter, compared to the consensus estimate of $53.93 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 67.0% on a year-over-year basis.
Jones Energy (NYSE:JONE) traded up 3.70% during mid-day trading on Friday, reaching $1.40. 423,521 shares of the company’s stock were exchanged. Jones Energy has a 1-year low of $1.30 and a 1-year high of $4.91. The firm’s 50-day moving average is $1.52 and its 200 day moving average is $2.55. The stock’s market capitalization is $91.75 million.
Several research analysts recently weighed in on the stock. Seaport Global Securities downgraded shares of Jones Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $5.00 to $1.50 in a research report on Wednesday, June 21st. Stifel Nicolaus restated a “buy” rating and set a $5.00 price target on shares of Jones Energy in a research report on Monday, April 17th. Zacks Investment Research downgraded shares of Jones Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC restated an “underweight” rating and set a $2.00 price target (down previously from $3.00) on shares of Jones Energy in a research report on Saturday, April 22nd. Finally, J P Morgan Chase & Co downgraded shares of Jones Energy from an “overweight” rating to a “neutral” rating and set a $1.50 price target for the company. in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Jones Energy presently has a consensus rating of “Hold” and an average target price of $3.91.
In other Jones Energy news, President Mike Mcconnell sold 38,927 shares of Jones Energy stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1.95, for a total transaction of $75,907.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Niccum sold 40,000 shares of Jones Energy stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $1.91, for a total transaction of $76,400.00. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.
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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