Lonestar Resources US Inc. (LONE) Expected to Post Earnings of -$0.17 Per Share

Equities research analysts forecast that Lonestar Resources US Inc. (NASDAQ:LONE) will report earnings of ($0.17) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lonestar Resources US’s earnings. The lowest EPS estimate is ($0.37) and the highest is ($0.01). Lonestar Resources US reported earnings of ($5.43) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 96.9%. The company is expected to report 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 year, analysts expect that the business will post earnings of ($0.47) per share, with EPS estimates ranging from ($1.08) to ($0.06). Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Lonestar Resources US.

Several equities analysts recently issued reports on LONE shares. Zacks Investment Research upgraded Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 price target on the stock in a research note on Wednesday, December 13th. Roth Capital set a $7.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research note on Thursday, December 21st. Cowen restated a “buy” rating and set a $7.00 price target on shares of Lonestar Resources US in a research note on Thursday, September 28th. Finally, Northland Securities set a $7.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Lonestar Resources US has an average rating of “Buy” and an average price target of $7.68.

Shares of Lonestar Resources US (NASDAQ:LONE) remained flat at $$3.40 on Tuesday. 335,500 shares of the stock were exchanged, compared to its average volume of 72,097. Lonestar Resources US has a 12-month low of $2.43 and a 12-month high of $8.81. 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 stock has a market capitalization of $74.19, a P/E ratio of -0.41 and a beta of 0.75.

Several hedge funds have recently added to or reduced their stakes in the company. B. Riley Financial Inc. grew its stake in shares of Lonestar Resources US by 40.0% in the 3rd quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock valued at $3,135,000 after purchasing an additional 255,174 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Lonestar Resources US by 29.2% in the 3rd 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 period. Phoenix Investment Adviser LLC grew its stake in shares of Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after purchasing an additional 95,599 shares during the period. Victory Capital Management Inc. grew its stake in shares of Lonestar Resources US by 4.9% in the 3rd 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 period. Finally, Northpointe Capital LLC grew its stake in shares of Lonestar Resources US by 4.7% in the 3rd 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 period. Institutional investors own 47.74% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/26/lonestar-resources-us-inc-lone-expected-to-post-earnings-of-0-17-per-share-2.html.

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.

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)

What are top analysts saying about Lonestar Resources US? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lonestar Resources US and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit