Equities research analysts expect that Lonestar Resources US Inc (NASDAQ:LONE) will post sales of $51.44 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Lonestar Resources US’s earnings. The highest sales estimate is $52.07 million and the lowest is $49.80 million. Lonestar Resources US reported sales of $57.89 million in the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The company is scheduled to issue its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that Lonestar Resources US will report full-year sales of $197.05 million for the current year, with estimates ranging from $195.90 million to $198.00 million. For the next year, analysts forecast that the business will report sales of $215.84 million, with estimates ranging from $209.80 million to $220.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings data on Monday, November 11th. The energy company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The company had revenue of $53.15 million during the quarter, compared to analyst estimates of $52.30 million. Lonestar Resources US had a return on equity of 1.93% and a net margin of 23.59%.
A number of research firms have commented on LONE. Seaport Global Securities cut shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Zacks Investment Research cut shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, SunTrust Banks downgraded shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.58.
Lonestar Resources US stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.98. 143,944 shares of the company traded hands, compared to its average volume of 118,059. Lonestar Resources US has a one year low of $1.91 and a one year high of $6.50. The stock has a market cap of $49.64 million, a price-to-earnings ratio of -28.29 and a beta of 1.82. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day moving average price of $2.29 and a 200-day moving average price of $2.54.
Several institutional investors have recently made changes to their positions in LONE. Monarch Partners Asset Management LLC raised its holdings in shares of Lonestar Resources US by 38.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 192,951 shares of the energy company’s stock valued at $525,000 after buying an additional 53,810 shares in the last quarter. Jane Street Group LLC purchased a new stake in Lonestar Resources US in the second quarter worth approximately $27,000. BlackRock Inc. grew its position in Lonestar Resources US by 113.2% during the second quarter. BlackRock Inc. now owns 427,909 shares of the energy company’s stock valued at $979,000 after acquiring an additional 227,192 shares during the last quarter. GSA Capital Partners LLP grew its position in Lonestar Resources US by 27.8% during the second quarter. GSA Capital Partners LLP now owns 36,369 shares of the energy company’s stock valued at $83,000 after acquiring an additional 7,915 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in Lonestar Resources US by 57.1% during the second quarter. Wasatch Advisors Inc. now owns 1,917,297 shares of the energy company’s stock valued at $4,391,000 after acquiring an additional 696,717 shares during the last quarter. Hedge funds and other institutional investors own 52.20% of the company’s stock.
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 that cover an area of 57,491 net acres in Texas counties.
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