Equities analysts predict that Lonestar Resources US Inc. (NASDAQ:LONE) will report $30.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Lonestar Resources US’s earnings. The highest sales estimate is $31.70 million and the lowest is $29.94 million. Lonestar Resources US reported sales of $13.44 million during the same quarter last year, which would suggest a positive year over year growth rate of 127.8%. The business is expected to announce its next quarterly earnings results on Thursday, March 22nd.
On average, analysts expect that Lonestar Resources US will report full year sales of $30.61 million for the current year, with estimates ranging from $92.57 million to $94.30 million. For the next fiscal year, analysts forecast that the business will report sales of $152.50 million per share, with estimates ranging from $149.12 million to $154.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Lonestar Resources US.
Several equities research analysts have recently weighed in on LONE shares. ValuEngine downgraded shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a research note on Wednesday, December 13th. Seaport Global Securities upgraded shares of Lonestar Resources US from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Roth Capital set a $7.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, Cowen set a $8.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $7.88.
Shares of Lonestar Resources US (NASDAQ LONE) opened at $3.97 on Monday. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $6.00. The firm has a market cap of $97.29, a PE ratio of -0.48 and a beta of 2.38. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.88.
A number of large investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in Lonestar Resources US by 106.8% in the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after purchasing an additional 50,404 shares during the period. Gardner Lewis Asset Management L P lifted its position in Lonestar Resources US by 58.9% in the fourth quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after purchasing an additional 136,755 shares during the period. Renaissance Technologies LLC lifted its position in Lonestar Resources US by 113.6% in the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after purchasing an additional 57,171 shares during the period. B. Riley Financial Inc. lifted its position in Lonestar Resources US by 27.4% in the fourth quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock valued at $4,517,000 after purchasing an additional 244,385 shares during the period. Finally, CAPROCK Group Inc. acquired a new stake in Lonestar Resources US in the fourth quarter valued at about $298,000. Hedge funds and other institutional investors own 48.98% of the company’s stock.
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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.
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