Jones Energy Inc (NYSE:JONE) shares traded on 30.11% above secure line and closed at $0.42. The stock exchanged hands 6.43 Million shares versus average trading capacity of 1.39 Million shares. It has a market cap of $38.06 Million.
Wall Street analysts are predicting that Jones Energy Inc (NYSE:JONE) will report earnings per share of $-0.28 in their quarterly report. For the current quarter Jones Energy Inc (NYSE:JONE) has high EPS estimates of $-0.16 in contradiction of low EPS estimates of $-0.4. However a year ago for the same quarter the company has reported $0.12 EPS. Average estimation for the current quarter has been provided by 4 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Jones Energy Inc (NYSE:JONE) reported $-0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.24 by $-0.08 with surprise factor of -33.3%.
Jones Energy Inc (NYSE:JONE) has average revenue estimates of $56.33 Million, compared to low analyst estimates of $48 Million and high estimates of $63 Million for the current quarter. A total number of 3 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $221 Million compared to low analyst estimates of $196 Million and high estimates of $246 Million according to the prediction of 2 analysts.
Taking a broader look at the analyst consensus, according to 5 analysts Jones Energy Inc (NYSE:JONE)’s price will reach at $1.49 during 52 weeks. Its minimum price target estimates has been figured out at $1 while the maximum price target forecast is established at $2.
On the other hand Jones Energy Inc (NYSE:JONE) has Relative Strength Index (RSI 14) of 50.56 along with Average True Range (ATR 14) of 0.07. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently Jones Energy Inc (NYSE:JONE)’s weekly and monthly volatility is 27.55%, 18.02% respectively.