Equities analysts expect that Lonestar Resources US Inc (NASDAQ:LONE) will post $0.03 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Lonestar Resources US’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.10. Lonestar Resources US posted earnings per share of ($0.12) in the same quarter last year, which suggests a positive year over year growth rate of 125%. The company is expected to issue its next quarterly earnings results on Monday, November 12th.
According to Zacks, analysts expect that Lonestar Resources US will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to $0.01. For the next fiscal year, analysts anticipate that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.25 to $1.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Sunday, August 5th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.11). Lonestar Resources US had a negative return on equity of 5.39% and a negative net margin of 37.79%. The firm had revenue of $47.85 million during the quarter, compared to the consensus estimate of $43.59 million.
Several brokerages have recently issued reports on LONE. Cowen reissued a “buy” rating and issued a $13.00 target price on shares of Lonestar Resources US in a research report on Friday, July 20th. SunTrust Banks began coverage on Lonestar Resources US in a research report on Wednesday, July 18th. They issued a “buy” rating and a $17.00 target price for the company. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, July 18th. ValuEngine raised Lonestar Resources US from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $11.08.
In other news, Director John H. Murray bought 15,400 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was purchased at an average price of $8.49 per share, with a total value of $130,746.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John H. Murray bought 7,600 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $8.79 per share, with a total value of $66,804.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of LONE. JPMorgan Chase & Co. increased its position in Lonestar Resources US by 37.1% during the 1st quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock valued at $199,000 after buying an additional 12,413 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Lonestar Resources US by 177.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after buying an additional 108,558 shares in the last quarter. Bank of Montreal Can bought a new position in Lonestar Resources US during the 2nd quarter valued at approximately $234,000. CAPROCK Group Inc. increased its position in Lonestar Resources US by 159.9% during the 2nd quarter. CAPROCK Group Inc. now owns 155,935 shares of the energy company’s stock valued at $1,316,000 after buying an additional 95,935 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Lonestar Resources US during the 2nd quarter valued at approximately $1,258,000. 46.58% of the stock is owned by institutional investors.
Shares of NASDAQ:LONE traded up $0.14 during trading on Friday, hitting $8.13. The stock had a trading volume of 101,785 shares, compared to its average volume of 180,212. Lonestar Resources US has a 12 month low of $3.13 and a 12 month high of $11.24. The firm has a market capitalization of $191.92 million, a P/E ratio of -19.36 and a beta of 0.40. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.20 and a current ratio of 0.20.
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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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