Q2 2018 EPS Estimates for Lonestar Resources US Inc (LONE) Raised by Analyst

Lonestar Resources US Inc (NASDAQ:LONE) – Analysts at B. Riley boosted their Q2 2018 earnings estimates for Lonestar Resources US in a report issued on Monday, June 11th. B. Riley analyst R. Rashid now expects that the energy company will earn $0.07 per share for the quarter, up from their prior forecast of ($0.01). B. Riley has a “Buy” rating and a $12.50 price target on the stock. B. Riley also issued estimates for Lonestar Resources US’s Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.91 EPS, Q1 2020 earnings at $0.42 EPS and FY2020 earnings at $1.92 EPS.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Wednesday, March 28th. The energy company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $31.43 million during the quarter, compared to analysts’ expectations of $30.61 million. Lonestar Resources US had a negative net margin of 51.60% and a negative return on equity of 4.27%.

Several other research firms have also recently weighed in on LONE. ValuEngine raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Roth Capital set a $8.00 price objective on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, April 23rd. Finally, Zacks Investment Research raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research note on Saturday, April 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $7.13.

Lonestar Resources US opened at $8.35 on Wednesday, according to MarketBeat. The firm has a market cap of $190.20 million, a P/E ratio of -19.88 and a beta of 0.26. Lonestar Resources US has a fifty-two week low of $2.43 and a fifty-two week high of $8.61. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.23 and a quick ratio of 0.23.

In other Lonestar Resources US news, insider Barry Schneider acquired 15,000 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was acquired at an average cost of $4.60 per share, with a total value of $69,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John H. Murray acquired 9,570 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was acquired at an average cost of $7.01 per share, with a total value of $67,085.70. The disclosure for this purchase can be found here. Insiders acquired a total of 26,770 shares of company stock valued at $150,342 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LONE. B. Riley Financial Inc. boosted its stake in shares of Lonestar Resources US by 27.4% during the 4th quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock worth $4,517,000 after purchasing an additional 244,385 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Lonestar Resources US by 113.6% during the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock worth $427,000 after purchasing an additional 57,171 shares during the period. Gardner Lewis Asset Management L P boosted its stake in shares of Lonestar Resources US by 58.9% during the 4th quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock worth $1,464,000 after purchasing an additional 136,755 shares during the period. Deutsche Bank AG boosted its stake in shares of Lonestar Resources US by 106.8% during the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after purchasing an additional 50,404 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Lonestar Resources US by 37.1% during the 1st quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock worth $199,000 after purchasing an additional 12,413 shares during the period. 45.77% of the stock is owned by hedge funds and other institutional investors.

About Lonestar Resources US

Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

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

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