Equities analysts forecast that Lonestar Resources US Inc. (NASDAQ:LONE) will report sales of $29.68 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Lonestar Resources US’s earnings. The lowest sales estimate is $29.44 million and the highest is $30.10 million. Lonestar Resources US reported sales of $13.44 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 120.8%. The company is scheduled to announce its next earnings report on Thursday, March 22nd.
On average, analysts expect that Lonestar Resources US will report full-year sales of $29.68 million for the current year, with estimates ranging from $92.08 million to $92.80 million. For the next year, analysts forecast that the company will report sales of $151.82 million per share, with estimates ranging from $147.66 million to $156.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings data on Monday, November 13th. The energy company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Lonestar Resources US had a negative net margin of 112.78% and a negative return on equity of 33.12%.
A number of research firms have commented on LONE. Cowen set a $8.00 price objective on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Northland Securities set a $7.00 price objective on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, December 11th. ValuEngine upgraded shares of Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Roth Capital set a $7.00 price objective on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Lonestar Resources US currently has an average rating of “Buy” and a consensus target price of $7.89.
Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Lonestar Resources US during the second quarter worth about $242,000. CAPROCK Group Inc. acquired a new position in shares of Lonestar Resources US during the fourth quarter worth about $298,000. Phoenix Investment Adviser LLC increased its stake in shares of Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after acquiring an additional 95,599 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after acquiring an additional 75,400 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Lonestar Resources US by 1.6% during the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after acquiring an additional 5,372 shares during the period. Institutional investors and hedge funds own 47.74% of the company’s stock.
Lonestar Resources US (NASDAQ LONE) opened at $4.32 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a one year low of $2.43 and a one year high of $7.38.
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Lonestar Resources US Company Profile
Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.
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