Lonestar Resources US Inc (NASDAQ:LONE) Expected to Announce Earnings of -$0.11 Per Share

Wall Street brokerages predict that Lonestar Resources US Inc (NASDAQ:LONE) will announce earnings of ($0.11) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lonestar Resources US’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.10). Lonestar Resources US posted earnings per share of $0.01 during the same quarter last year, which indicates a negative year-over-year growth rate of 1,200%. The company is expected to report its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that Lonestar Resources US will report full-year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.40) to ($0.38). For the next financial year, analysts anticipate that the firm will post earnings of $0.23 per share, with EPS estimates ranging from ($0.29) to $1.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings results on Monday, August 5th. The energy company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $52.22 million during the quarter, compared to the consensus estimate of $48.44 million. Lonestar Resources US had a return on equity of 3.41% and a net margin of 5.82%.

Several research firms have recently weighed in on LONE. ValuEngine upgraded Lonestar Resources US from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Lonestar Resources US from a “buy” rating to a “hold” rating in a research note on Wednesday. Northland Securities set a $6.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, July 8th. TheStreet downgraded Lonestar Resources US from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th. Finally, B. Riley set a $8.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Lonestar Resources US in the 2nd quarter worth about $27,000. Vanguard Group Inc. boosted its stake in Lonestar Resources US by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 905,508 shares of the energy company’s stock worth $2,074,000 after purchasing an additional 33,970 shares during the period. BlackRock Inc. boosted its stake in Lonestar Resources US by 113.2% in the 2nd quarter. BlackRock Inc. now owns 427,909 shares of the energy company’s stock worth $979,000 after purchasing an additional 227,192 shares during the period. Monarch Partners Asset Management LLC boosted its stake in Lonestar Resources US by 10.9% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 139,141 shares of the energy company’s stock worth $319,000 after purchasing an additional 13,720 shares during the period. Finally, Wasatch Advisors Inc. boosted its stake in Lonestar Resources US by 57.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,917,297 shares of the energy company’s stock worth $4,391,000 after purchasing an additional 696,717 shares during the period. Institutional investors and hedge funds own 57.11% of the company’s stock.

Shares of LONE stock traded down $0.01 on Thursday, hitting $2.48. 2,427 shares of the stock were exchanged, compared to its average volume of 222,525. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $60.83 million, a price-to-earnings ratio of -35.14 and a beta of 2.03. Lonestar Resources US has a one year low of $1.93 and a one year high of $9.60. The firm has a 50 day moving average price of $2.45.

Lonestar Resources US Company Profile

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 that cover an area of 57,491 net acres in Texas counties.

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

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