Wall Street analysts expect Lonestar Resources US Inc. (NASDAQ:LONE) to report $29.21 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Lonestar Resources US’s earnings. The lowest sales estimate is $26.60 million and the highest is $31.60 million. Lonestar Resources US posted sales of $13.44 million in the same quarter last year, which would indicate a positive year over year growth rate of 117.3%. The firm is expected to report its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Lonestar Resources US will report full year sales of $29.21 million for the current year, with estimates ranging from $88.10 million to $94.30 million. For the next year, analysts forecast that the firm will report sales of $134.85 million per share, with estimates ranging from $105.40 million to $151.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Lonestar Resources US.
LONE has been the subject of several recent analyst reports. Zacks Investment Research upgraded Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a research note on Wednesday, December 13th. Roth Capital set a $7.00 target price 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 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 Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, December 11th. One investment 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 stock. The stock presently has an average rating of “Buy” and an average target price of $7.68.
Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in Lonestar Resources US in the second quarter worth about $242,000. Phoenix Investment Adviser LLC grew its stake in Lonestar Resources US by 51.2% in the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after purchasing an additional 95,599 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 worth $1,172,000 after purchasing an additional 75,400 shares in the last quarter. Vanguard Group Inc. grew 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 worth $1,500,000 after purchasing an additional 5,372 shares in the last quarter. Finally, B. Riley Financial Inc. acquired a new position in Lonestar Resources US in the second quarter worth about $2,744,000. 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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