Wall Street analysts forecast that Lonestar Resources US Inc (NASDAQ:LONE) will announce earnings per share of $0.03 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Lonestar Resources US’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.02). Lonestar Resources US posted earnings per share of ($0.12) during the same quarter last year, which indicates a positive year over year growth rate of 125%. The business is expected to announce its next quarterly earnings results on Monday, November 12th.
On average, analysts expect that Lonestar Resources US will report full year earnings of ($0.11) per share for the current financial year, with EPS estimates ranging from ($0.28) to $0.01. For the next fiscal year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.44 to $1.36. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Sunday, August 5th. The energy company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.11). Lonestar Resources US had a negative net margin of 37.79% and a negative return on equity of 5.39%. The business had revenue of $47.85 million for the quarter, compared to the consensus estimate of $43.59 million.
A number of brokerages have weighed in on LONE. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Saturday, October 13th. Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. Cowen reissued a “buy” rating and set a $13.00 price target on shares of Lonestar Resources US in a research report on Friday, July 20th. SunTrust Banks initiated coverage on shares of Lonestar Resources US in a research report on Wednesday, July 18th. They set a “buy” rating and a $17.00 price target for the company. Finally, ValuEngine downgraded shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $11.08.
Shares of NASDAQ LONE traded up $0.14 on Friday, reaching $8.89. 94,153 shares of the company’s stock traded hands, compared to its average volume of 256,302. Lonestar Resources US has a 12 month low of $3.13 and a 12 month high of $11.24. The company has a market capitalization of $215.57 million, a price-to-earnings ratio of -21.17 and a beta of 0.38. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.20 and a current ratio of 0.20.
In related news, Director John H. Murray bought 15,400 shares of the business’s stock in a transaction on Friday, August 10th. The stock was acquired at an average price of $8.49 per share, with a total value of $130,746.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John H. Murray bought 7,600 shares of the business’s stock in a transaction on Monday, August 13th. The stock was bought at an average cost of $8.79 per share, with a total value of $66,804.00. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. CAPROCK Group Inc. grew its position in Lonestar Resources US by 10.7% in the 3rd quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock worth $1,345,000 after purchasing an additional 16,700 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Lonestar Resources US in the 3rd quarter worth approximately $129,000. Northern Trust Corp grew its position in Lonestar Resources US by 27.6% in the 2nd quarter. Northern Trust Corp now owns 49,551 shares of the energy company’s stock worth $418,000 after purchasing an additional 10,704 shares during the period. Bank of New York Mellon Corp bought a new stake in Lonestar Resources US in the 2nd quarter worth approximately $102,000. Finally, B. Riley Financial Inc. grew its position in Lonestar Resources US by 11.9% in the 2nd quarter. B. Riley Financial Inc. now owns 1,172,622 shares of the energy company’s stock worth $9,897,000 after purchasing an additional 124,594 shares during the period. 46.58% of the stock is owned by institutional investors and hedge funds.
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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