Lonestar Resources US Inc. (NASDAQ:LONE) Forecasted to Earn Q4 2017 Earnings of ($0.12) Per Share

Lonestar Resources US Inc. (NASDAQ:LONE) – Analysts at Seaport Global Securities lifted their Q4 2017 earnings per share (EPS) estimates for shares of Lonestar Resources US in a report issued on Monday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will earn ($0.12) per share for the quarter, up from their previous estimate of ($0.13). Seaport Global Securities currently has a “Buy” rating on the stock.

Several other equities analysts have also issued reports on LONE. B. Riley assumed coverage on Lonestar Resources US in a research report on Monday, February 5th. They issued a “buy” rating and a $7.75 price objective for the company. Cowen set a $8.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a research report on Thursday, January 11th. Northland Securities set a $7.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a research report on Monday, December 11th. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $7.88.

Lonestar Resources US (LONE) opened at $3.71 on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57. Lonestar Resources US has a 12-month low of $2.43 and a 12-month high of $6.99.

Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings data on Monday, November 13th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. Lonestar Resources US had a negative return on equity of 33.12% and a negative net margin of 112.78%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LONE. B. Riley Financial Inc. boosted its holdings in shares of Lonestar Resources US by 40.0% in the 3rd quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock valued at $3,135,000 after buying an additional 255,174 shares during the last quarter. Phoenix Investment Adviser LLC boosted its holdings in shares of Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after buying an additional 95,599 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Lonestar Resources US by 29.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after buying an additional 75,400 shares during the last quarter. Northpointe Capital LLC boosted its holdings in shares of Lonestar Resources US by 4.7% in the 3rd quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after buying an additional 68,140 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Lonestar Resources US in the 4th quarter valued at $298,000. 47.14% of the stock is owned by institutional investors.

WARNING: This piece was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/14/equities-analysts-offer-predictions-for-lonestar-resources-us-inc-s-q4-2017-earnings-lone.html.

About Lonestar Resources US

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.

Get a free copy of the Zacks research report on Lonestar Resources US (LONE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lonestar Resources US (NASDAQ:LONE)

Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply