Analysts Set Expectations for Jones Energy Inc’s FY2018 Earnings (JONE)

Jones Energy Inc (NYSE:JONE) – Capital One Financial issued their FY2018 EPS estimates for shares of Jones Energy in a research note issued to investors on Tuesday, October 16th. Capital One Financial analyst R. Tullis forecasts that the oil and gas producer will earn ($4.44) per share for the year.

Jones Energy (NYSE:JONE) last issued its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($5.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.40) by ($0.40). Jones Energy had a negative return on equity of 16.15% and a negative net margin of 38.28%. The firm had revenue of $65.26 million for the quarter, compared to analyst estimates of $56.57 million.

A number of other brokerages have also recently commented on JONE. Stifel Nicolaus set a $14.00 price target on Jones Energy and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research raised Jones Energy from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, September 6th. ValuEngine raised Jones Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Jones Energy in a report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.80.

Shares of JONE opened at $4.32 on Friday. Jones Energy has a one year low of $4.04 and a one year high of $696.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.94.

An institutional investor recently raised its position in Jones Energy stock. Wolverine Asset Management LLC grew its stake in Jones Energy Inc (NYSE:JONE) by 249,244.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 775,461 shares of the oil and gas producer’s stock after buying an additional 775,150 shares during the quarter. Wolverine Asset Management LLC owned 0.76% of Jones Energy worth $288,000 as of its most recent SEC filing.

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

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