$54.18 Million in Sales Expected for Lonestar Resources US Inc (NASDAQ:LONE) This Quarter

Brokerages expect Lonestar Resources US Inc (NASDAQ:LONE) to report $54.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Lonestar Resources US’s earnings. The highest sales estimate is $57.00 million and the lowest is $49.92 million. Lonestar Resources US posted sales of $58.74 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Lonestar Resources US will report full-year sales of $202.05 million for the current year, with estimates ranging from $189.98 million to $208.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $246.78 million, with estimates ranging from $241.82 million to $254.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Lonestar Resources US.

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

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

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

Shares of NASDAQ LONE traded down $0.01 during trading hours on Friday, 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 business’s 50 day moving average is $2.45. The stock has a market cap 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.

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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