Analysts Anticipate Lonestar Resources US Inc. (LONE) to Post -$0.04 EPS

Analysts expect Lonestar Resources US Inc. (NASDAQ:LONE) to post earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Lonestar Resources US’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.03). Lonestar Resources US posted earnings of ($5.43) per share during the same quarter last year, which suggests a positive year over year growth rate of 99.3%. The business is expected to issue its next earnings report on Thursday, March 22nd.

On average, analysts expect that Lonestar Resources US will report full year earnings of ($0.36) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.32). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.54) to ($0.14). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Monday, November 13th. The energy company reported ($0.12) earnings per share for the quarter, topping the Zacks’ 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%.

A number of equities analysts have weighed in on the stock. B. Riley assumed coverage on shares of Lonestar Resources US in a research note on Monday, February 5th. They issued a “buy” rating and a $7.75 target price for the company. Roth Capital set a $7.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Lonestar Resources US from a “sell” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Friday, October 27th. Seaport Global Securities raised shares of Lonestar Resources US from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Finally, Cowen set a $8.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $7.88.

Lonestar Resources US (NASDAQ:LONE) opened at $3.74 on Thursday. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $6.99. The firm has a market cap of $90.92, a PE ratio of -0.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57.

Several institutional investors and hedge funds have recently bought and sold shares of LONE. Susquehanna International Group LLP bought a new stake in shares of Lonestar Resources US during the second quarter worth approximately $242,000. CAPROCK Group Inc. bought a new stake in shares of Lonestar Resources US during the fourth quarter worth approximately $298,000. Deutsche Bank AG raised its stake in shares of Lonestar Resources US by 106.8% during the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after buying an additional 50,404 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Lonestar Resources US by 113.6% during the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock worth $427,000 after buying an additional 57,171 shares during the last quarter. Finally, Phoenix Investment Adviser LLC raised its stake in shares of Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after buying an additional 95,599 shares during the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/15/analysts-anticipate-lonestar-resources-us-inc-lone-to-post-0-04-eps.html.

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.

Get a free copy of the Zacks research report on Lonestar Resources US (LONE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply