Lonestar Resources US Inc. (LONE) Expected to Post Quarterly Sales of $18.72 Million

Analysts predict that Lonestar Resources US Inc. (NASDAQ:LONE) will announce $18.72 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Lonestar Resources US’s earnings. The highest sales estimate is $19.60 million and the lowest is $17.80 million. Lonestar Resources US posted sales of $17.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Friday, August 18th.

According to Zacks, analysts expect that Lonestar Resources US will report full-year sales of $18.72 million for the current fiscal year, with estimates ranging from $90.60 million to $103.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $130.68 million per share, with estimates ranging from $101.10 million to $152.70 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Monday, May 15th. The energy company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ 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 124.20% and a negative return on equity of 40.31%.

A number of equities research analysts have recently weighed in on LONE shares. Cowen and Company dropped their price objective on Lonestar Resources US from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, April 10th. Roth Capital set a $15.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research note on Wednesday, May 31st. Wunderlich lifted their price objective on Lonestar Resources US from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, June 2nd. Finally, ValuEngine cut Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Lonestar Resources US currently has a consensus rating of “Hold” and a consensus price target of $8.49.

Lonestar Resources US (NASDAQ:LONE) opened at 3.9093 on Tuesday. The company’s market cap is $85.32 million. The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $5.02. Lonestar Resources US has a 12 month low of $3.31 and a 12 month high of $13.12.

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Several large investors have recently modified their holdings of the stock. Phoenix Investment Adviser LLC boosted its stake in shares of 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 boosted its stake in shares of 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. Dialectic Capital Management LP boosted 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 valued at $3,154,000 after buying an additional 92,971 shares during the last quarter. Finally, Northpointe Capital LLC boosted its position in Lonestar Resources US by 71.2% in the first quarter. Northpointe Capital LLC now owns 1,189,994 shares of the energy company’s stock valued at $6,021,000 after buying an additional 494,994 shares during the last quarter. 52.49% of the stock is owned by institutional investors and hedge funds.

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

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