Jones Energy Inc (JONE) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $-0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.07. The company posted revenue of $29.10 million in the period, compared to analysts expectations of $40.77 million. The company’s revenue was down -46.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Jones Energy Inc. Jones Energy Inc was Upgraded by Iberia to ” Outperform” on May 24, 2016.
Jones Energy Inc closed down -0.07 points or -2.11% at $3.25 with 2,23,072 shares getting traded on Tusday. Post opening the session at $3.38, the shares hit an intraday low of $3.19 and an intraday high of $3.49 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 21, 2016, Robert J. Brooks (Executive VP & CFO) sold 5,000 shares at $4.31 per share price. According to the SEC, on Apr 20, 2016, Jeffrey Alan Tanner (Executive VP & CFO) sold 4,500 shares at $3.65 per share price. On Apr 20, 2016, Mike Mcconnell (President) sold 41,127 shares at $3.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Jones Energy Inc. is an independent oil and gas company engaged in the exploration development production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. The Company owns leasehold interests in oil and natural gas producing properties as well as in undeveloped acreage primarily located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Company’s operations in the Anadarko basin are primarily focused on the Cleveland formation along with the Tonkawa Marmaton Granite Wash Atoka shale and Cherokee shale formations located in the eastern portion of the Texas Panhandle and western Oklahoma. The Company’s properties in the Arkoma basin produce primarily from the Woodford formation. As of December 31 2014 the Company’s total estimated proved reserves were 115.3 million barrels of oil equivalent (MMBoe). As of December 31 2014 the Company’s properties included 947 gross producing wells.