Brokerages Expect Lonestar Resources US Inc (LONE) Will Announce Quarterly Sales of $43.68 Million

Brokerages forecast that Lonestar Resources US Inc (NASDAQ:LONE) will announce $43.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lonestar Resources US’s earnings, with estimates ranging from $37.62 million to $51.50 million. Lonestar Resources US posted sales of $18.14 million in the same quarter last year, which would indicate a positive year over year growth rate of 140.8%. The business is scheduled to announce its next quarterly earnings results before the market opens on Monday, August 6th.

On average, analysts expect that Lonestar Resources US will report full-year sales of $181.75 million for the current fiscal year, with estimates ranging from $159.40 million to $204.90 million. For the next financial year, analysts forecast that the firm will post sales of $226.32 million per share, with estimates ranging from $180.80 million to $263.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Sunday, May 13th. The energy company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The business had revenue of $36.69 million during the quarter, compared to the consensus estimate of $32.22 million. Lonestar Resources US had a negative net margin of 51.60% and a negative return on equity of 4.27%.

Several brokerages have recently weighed in on LONE. Zacks Investment Research upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Tuesday, June 26th. ValuEngine upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. B. Riley lifted their price target on shares of Lonestar Resources US from $10.50 to $12.50 and gave the stock a “buy” rating in a research note on Monday, June 11th. Finally, Roth Capital set a $8.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Lonestar Resources US presently has a consensus rating of “Buy” and an average target price of $9.00.

In other news, insider Barry Schneider bought 15,000 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were bought at an average price of $4.60 per share, for a total transaction of $69,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John H. Murray bought 9,570 shares of the stock in a transaction that occurred on Thursday, May 17th. The shares were purchased at an average price of $7.01 per share, for a total transaction of $67,085.70. The disclosure for this purchase can be found here. Insiders have bought a total of 26,770 shares of company stock worth $150,342 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted 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 valued at $199,000 after buying an additional 12,413 shares in the last quarter. Deutsche Bank AG lifted 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 valued at $387,000 after buying an additional 50,404 shares in the last quarter. Renaissance Technologies LLC lifted 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 valued at $427,000 after buying an additional 57,171 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lonestar Resources US by 177.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after buying an additional 108,558 shares in the last quarter. Finally, Gardner Lewis Asset Management L P lifted 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 valued at $1,464,000 after buying an additional 136,755 shares in the last quarter. Institutional investors own 45.77% of the company’s stock.

Shares of Lonestar Resources US stock opened at $8.40 on Tuesday. The firm has a market cap of $207.94 million, a PE ratio of -20.00 and a beta of 0.12. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $8.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.23 and a current ratio of 0.23.

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.

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

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