Zacks: Analysts Anticipate Lonestar Resources US Inc (LONE) to Announce $0.08 Earnings Per Share

Analysts predict that Lonestar Resources US Inc (NASDAQ:LONE) will report $0.08 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Lonestar Resources US’s earnings, with estimates ranging from $0.06 to $0.13. Lonestar Resources US posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 366.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 27th.

According to Zacks, analysts expect that Lonestar Resources US will report full year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.19) to $0.01. For the next financial year, analysts expect that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.12 to $1.58. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Lonestar Resources US had a negative net margin of 38.32% and a negative return on equity of 3.88%. The firm had revenue of $58.74 million for the quarter, compared to analyst estimates of $50.95 million.

LONE has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Saturday, October 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Lonestar Resources US in a research note on Monday, August 13th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Lonestar Resources US in a research note on Sunday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.42.

Shares of Lonestar Resources US stock traded down $0.01 during trading hours on Thursday, reaching $6.77. The company’s stock had a trading volume of 588 shares, compared to its average volume of 134,031. Lonestar Resources US has a one year low of $3.30 and a one year high of $11.24. The firm has a market capitalization of $167.29 million, a price-to-earnings ratio of -16.07 and a beta of 0.27. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.60.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Lonestar Resources US during the second quarter valued at approximately $102,000. Raymond James & Associates purchased a new position in Lonestar Resources US during the second quarter valued at approximately $110,000. Man Group plc purchased a new position in Lonestar Resources US during the third quarter valued at approximately $114,000. Deprince Race & Zollo Inc. purchased a new position in Lonestar Resources US during the third quarter valued at approximately $129,000. Finally, Engineers Gate Manager LP purchased a new position in Lonestar Resources US during the third quarter valued at approximately $165,000. 53.08% of the stock is owned by institutional investors.

About Lonestar Resources US

Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

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