Zacks: Analysts Anticipate Lonestar Resources US (LONE) to Post -$0.04 EPS

Wall Street brokerages forecast that Lonestar Resources US (NASDAQ:LONE) will report earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lonestar Resources US’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.03). Lonestar Resources US reported earnings per share of ($5.43) during the same quarter last year, which would suggest a positive year-over-year growth rate of 99.3%. The company is expected to issue its next quarterly earnings report on Thursday, March 22nd.

On average, analysts expect that Lonestar Resources US will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.32). For the next year, analysts anticipate that the firm will report earnings of ($0.31) per share, with EPS estimates ranging from ($0.54) to ($0.14). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Lonestar Resources US.

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LONE has been the subject of several recent analyst reports. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective for the company in a report on Wednesday, December 13th. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a report on Monday, December 11th. Cowen set a $8.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Seaport Global Securities raised Lonestar Resources US from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.88.

Lonestar Resources US (LONE) traded down $0.02 during midday trading on Tuesday, hitting $4.04. The stock had a trading volume of 14,148 shares, compared to its average volume of 44,170. The firm has a market cap of $88.16, a P/E ratio of -0.48 and a beta of 0.44. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $5.64.

A number of institutional investors have recently made changes to their positions in the business. CAPROCK Group Inc. bought a new position in Lonestar Resources US during the 4th quarter worth $298,000. Deutsche Bank AG increased its holdings in shares of Lonestar Resources US by 106.8% during the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after acquiring an additional 50,404 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Lonestar Resources US by 113.6% during the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after acquiring an additional 57,171 shares in the last quarter. Phoenix Investment Adviser LLC increased its holdings in shares of Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after acquiring an additional 95,599 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after acquiring an additional 75,400 shares in the last quarter. 52.47% of the stock is owned by institutional investors and hedge funds.

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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. It also owns 28,655 net undeveloped acres in the Poplar West area of the Bakken Three Forks formation located in Roosevelt County, Montana.

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

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