Analysts predict that Lonestar Resources US Inc (NASDAQ:LONE) will report earnings of $0.08 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Lonestar Resources US’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.06. Lonestar Resources US reported earnings of ($0.03) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The firm is expected to announce its next earnings report on Wednesday, March 27th.
According to Zacks, analysts expect that Lonestar Resources US will report full-year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.19) to $0.01. For the next financial year, analysts forecast that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.12 to $1.58. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $58.74 million during the quarter, compared to analyst estimates of $50.95 million. Lonestar Resources US had a negative net margin of 38.32% and a negative return on equity of 3.88%.
LONE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Saturday, October 13th. Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a research note on Monday, August 13th. Finally, SunTrust Banks restated a “buy” rating and issued a $13.00 price target on shares of Lonestar Resources US in a research note on Sunday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Lonestar Resources US has an average rating of “Buy” and a consensus price target of $10.42.
Shares of NASDAQ:LONE traded down $0.26 during midday trading on Thursday, reaching $6.28. The company had a trading volume of 262,000 shares, compared to its average volume of 178,569. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.60. The firm has a market cap of $161.13 million, a PE ratio of -14.71 and a beta of 0.25. Lonestar Resources US has a one year low of $3.30 and a one year high of $11.24.
Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in Lonestar Resources US in the second quarter worth $102,000. Raymond James & Associates acquired a new position in Lonestar Resources US in the second quarter worth $110,000. Man Group plc acquired a new position in Lonestar Resources US in the third quarter worth $114,000. Deprince Race & Zollo Inc. acquired a new position in Lonestar Resources US in the third quarter worth $129,000. Finally, Engineers Gate Manager LP acquired a new position in Lonestar Resources US in the third quarter worth $165,000. 53.08% of the stock is owned by hedge funds and other institutional investors.
Lonestar Resources US Company Profile
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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