Wall Street analysts expect that Lonestar Resources US Inc. (NASDAQ:LONE) will announce earnings per share (EPS) of ($0.17) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Lonestar Resources US’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.37). Lonestar Resources US posted earnings per share of ($5.43) during the same quarter last year, which indicates a positive year-over-year growth rate of 96.9%. The company is scheduled to report its next quarterly earnings results 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 fiscal year. For the next financial year, analysts anticipate that the business will report earnings of ($0.47) per share, with EPS estimates ranging from ($1.08) to ($0.06). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Lonestar Resources US.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Lonestar Resources US from a “sell” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Friday, October 27th. Roth Capital set a $9.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Cowen reissued a “buy” rating and issued a $7.00 price target on shares of Lonestar Resources US in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.06.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in Lonestar Resources US during the second quarter valued at $242,000. Phoenix Investment Adviser LLC grew its holdings in Lonestar Resources US by 85.8% during the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock valued at $803,000 after purchasing an additional 86,204 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 purchasing an additional 75,400 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 5,372 shares during the period. Finally, B. Riley Financial Inc. bought a new position in Lonestar Resources US during the second quarter valued at approximately $2,744,000. Institutional investors own 47.74% of the company’s stock.
Lonestar Resources US (NASDAQ:LONE) traded down $0.04 during mid-day trading on Friday, reaching $3.41. The company had a trading volume of 18,580 shares, compared to its average volume of 70,303. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. Lonestar Resources US has a fifty-two week low of $2.43 and a fifty-two week high of $8.81.
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Lonestar Resources US Company Profile
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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