Lonestar Resources US Inc. (LONE) Expected to Announce Earnings of -$0.06 Per Share

Wall Street brokerages predict that Lonestar Resources US Inc. (NASDAQ:LONE) will post earnings per share of ($0.06) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lonestar Resources US’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.13). Lonestar Resources US reported earnings of ($5.43) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 98.9%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 22nd.

On average, analysts expect that Lonestar Resources US will report full year earnings of ($0.47) per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.49) to ($0.06). Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Monday, November 13th. The energy company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. Lonestar Resources US had a negative net margin of 112.78% and a negative return on equity of 33.12%.

LONE has been the topic of several analyst reports. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. ValuEngine upgraded shares of Lonestar Resources US from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Northland Securities set a $7.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a report on Monday, December 11th. Cowen set a $8.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Seaport Global Securities upgraded shares of Lonestar Resources US from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $7.89.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Lonestar Resources US by 1.6% during the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after acquiring an additional 5,372 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Lonestar Resources US by 4.9% during the third quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock worth $3,390,000 after acquiring an additional 44,980 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Lonestar Resources US during the second quarter worth $242,000. CAPROCK Group Inc. acquired a new stake in shares of Lonestar Resources US during the fourth quarter worth $298,000. Finally, Northpointe Capital LLC raised its holdings in shares of Lonestar Resources US by 4.7% during the third quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock worth $5,292,000 after acquiring an additional 68,140 shares during the period. Institutional investors and hedge funds own 47.74% of the company’s stock.

Shares of Lonestar Resources US (NASDAQ:LONE) opened at $4.74 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88. The firm has a market cap of $101.69, a price-to-earnings ratio of -0.57 and a beta of 0.61. Lonestar Resources US has a twelve month low of $2.43 and a twelve month high of $7.38.

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Lonestar Resources US Company Profile

Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.

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