Lonestar Resources US Inc. (NASDAQ:LONE) – Equities researchers at Seaport Global Securities lifted their FY2017 earnings estimates for Lonestar Resources US in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings of ($0.62) per share for the year, up from their prior estimate of ($0.63). Seaport Global Securities has a “Neutral” rating and a $3.25 price target on the stock. Seaport Global Securities also issued estimates for Lonestar Resources US’s Q4 2017 earnings at ($0.14) EPS, Q1 2018 earnings at ($0.13) EPS, Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.29) EPS.
Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Monday, May 15th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.09. The business had revenue of $17.62 million during the quarter, compared to the consensus estimate of $17.67 million. Lonestar Resources US had a negative net margin of 139.50% and a negative return on equity of 38.49%.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Wednesday. Roth Capital decreased their price objective on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, July 20th. Cowen and Company set a $9.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a report on Tuesday, July 18th. ValuEngine lowered Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th. Finally, Wunderlich lifted their price objective on Lonestar Resources US from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $8.49.
Shares of Lonestar Resources US (LONE) opened at 3.30 on Thursday. Lonestar Resources US has a 12 month low of $3.14 and a 12 month high of $13.12. The company’s market cap is $72.02 million. The stock has a 50 day moving average of $3.83 and a 200-day moving average of $4.83.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC raised its position in Lonestar Resources US by 28.0% in the first quarter. Phoenix Investment Adviser LLC now owns 100,496 shares of the energy company’s stock worth $509,000 after buying an additional 22,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Lonestar Resources US by 54.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 258,593 shares of the energy company’s stock worth $1,308,000 after buying an additional 91,100 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $1,500,000 after buying an additional 5,372 shares during the last quarter. Dialectic Capital Management LP raised its position in Lonestar Resources US by 17.5% in the first quarter. Dialectic Capital Management LP now owns 623,261 shares of the energy company’s stock worth $3,154,000 after buying an additional 92,971 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new position in Lonestar Resources US during the second quarter worth $2,744,000. 51.75% of the stock is owned by institutional investors and hedge funds.
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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