Brokers Set Expectations for Lonestar Resources US Inc.’s FY2017 Earnings (LONE)

Lonestar Resources US Inc. (NASDAQ:LONE) – Research analysts at B. Riley issued their FY2017 earnings estimates for Lonestar Resources US in a report issued on Monday. B. Riley analyst R. Rashid expects that the energy company will post earnings of ($0.36) per share for the year. B. Riley has a “Buy” rating and a $7.75 price objective on the stock. B. Riley also issued estimates for Lonestar Resources US’s Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.10) EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.11) EPS, Q4 2019 earnings at ($0.08) EPS and FY2019 earnings at ($0.41) EPS.

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

A number of other research analysts have also issued reports on LONE. Zacks Investment Research lowered Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Northland Securities set a $7.00 target price on Lonestar Resources US and gave the company a “buy” rating in a research report on Monday, December 11th. Roth Capital set a $7.00 target price on Lonestar Resources US and gave the company a “buy” rating in a research report on Thursday, December 21st. ValuEngine upgraded Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Seaport Global Securities upgraded Lonestar Resources US from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.88.

Lonestar Resources US (LONE) opened at $3.93 on Thursday. Lonestar Resources US has a 52-week low of $2.43 and a 52-week high of $7.06. The stock has a market capitalization of $84.45, a P/E ratio of -0.47 and a beta of 0.89. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Lonestar Resources US by 1.6% in the 2nd 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 last quarter. Victory Capital Management Inc. increased its stake in shares of Lonestar Resources US by 4.9% in the 3rd 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 last quarter. Susquehanna International Group LLP acquired a new stake in shares of Lonestar Resources US in the 2nd quarter worth $242,000. CAPROCK Group Inc. acquired a new stake in shares of Lonestar Resources US in the 4th quarter worth $298,000. Finally, Northpointe Capital LLC increased its stake in shares of Lonestar Resources US by 4.7% in the 3rd 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 last quarter. 47.74% of the stock is owned by institutional investors and hedge funds.

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About Lonestar Resources US

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.

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

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