Analysts Expect Lonestar Resources US Inc. (LONE) to Announce -$0.17 Earnings Per Share
Wall Street analysts expect Lonestar Resources US Inc. (NASDAQ:LONE) to announce ($0.17) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Lonestar Resources US’s earnings, with estimates ranging from ($0.37) to ($0.01). Lonestar Resources US reported earnings per share of ($5.43) in the same quarter last year, which would suggest a positive year-over-year growth rate of 96.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 22nd.
On average, analysts expect that Lonestar Resources US will report full year earnings of ($0.57) per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.47) per share, with EPS estimates ranging from ($1.08) to ($0.06). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Lonestar Resources US.
A number of analysts recently weighed in on LONE shares. Zacks Investment Research upgraded shares of Lonestar Resources US from a “sell” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Friday, October 27th. Roth Capital set a $9.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Cowen restated a “buy” rating and set a $7.00 target price on shares of Lonestar Resources US in a research note on Thursday, September 28th. Finally, Northland Securities set a $7.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Lonestar Resources US presently has an average rating of “Buy” and a consensus target price of $7.68.
Shares of Lonestar Resources US (NASDAQ:LONE) remained flat at $$3.40 during trading hours on Tuesday. The stock had a trading volume of 335,500 shares, compared to its average volume of 72,097. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $74.19, a PE ratio of -0.41 and a beta of 0.75. Lonestar Resources US has a twelve month low of $2.43 and a twelve month high of $8.81.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after purchasing an additional 5,372 shares during the last quarter. Victory Capital Management Inc. increased its stake in Lonestar Resources US by 4.9% in the third quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock valued at $3,390,000 after purchasing an additional 44,980 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Lonestar Resources US in the second quarter valued at approximately $242,000. Northpointe Capital LLC increased its stake in Lonestar Resources US by 4.7% in the third quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after purchasing an additional 68,140 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Lonestar Resources US by 29.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after purchasing an additional 75,400 shares during the last quarter. Hedge funds and other institutional investors own 47.74% of the company’s stock.
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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.
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