Tag Archives: LONE

$40.96 Million in Sales Expected for Lonestar Resources US (LONE) This Quarter

Equities analysts forecast that Lonestar Resources US (NASDAQ:LONE) will announce sales of $40.96 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Lonestar Resources US’s earnings. The highest sales estimate is $45.70 million and the lowest is $37.62 million. Lonestar Resources US reported sales of $18.14 million during the same quarter last year, which suggests a positive year over year growth rate of 125.8%. The company is expected to announce its next earnings results on Friday, August 3rd.

According to Zacks, analysts expect that Lonestar Resources US will report full year sales of $170.70 million for the current fiscal year, with estimates ranging from $159.40 million to $189.80 million. For the next fiscal year, analysts forecast that the business will report sales of $211.67 million per share, with estimates ranging from $180.80 million to $244.70 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Lonestar Resources US.

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Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Wednesday, March 28th. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Lonestar Resources US had a negative return on equity of 4.27% and a negative net margin of 51.60%. The business had revenue of $31.43 million during the quarter, compared to analysts’ expectations of $30.61 million.

A number of equities analysts have commented on LONE shares. ValuEngine cut Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Roth Capital set a $8.00 target price on Lonestar Resources US and gave the company a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Saturday, April 7th. Finally, B. Riley increased their target price on Lonestar Resources US to $10.50 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Lonestar Resources US has an average rating of “Buy” and a consensus target price of $7.96.

Shares of Lonestar Resources US stock traded up $0.14 during mid-day trading on Friday, reaching $7.18. 403,206 shares of the stock traded hands, compared to its average volume of 118,887. Lonestar Resources US has a fifty-two week low of $2.43 and a fifty-two week high of $7.29. The stock has a market capitalization of $164.80 million, a P/E ratio of -17.10 and a beta of -0.26. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.23 and a quick ratio of 0.29.

In related news, Director John H. Murray purchased 9,570 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was acquired at an average cost of $7.01 per share, for a total transaction of $67,085.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Barry Schneider purchased 15,000 shares of the company’s stock in a transaction dated Thursday, April 12th. The stock was bought at an average price of $4.60 per share, with a total value of $69,000.00. The disclosure for this purchase can be found here. Insiders bought 26,770 shares of company stock valued at $150,342 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. B. Riley Financial Inc. grew its position in shares of Lonestar Resources US by 27.4% in the fourth quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock valued at $4,517,000 after purchasing an additional 244,385 shares in the last quarter. Gardner Lewis Asset Management L P grew its position in shares of Lonestar Resources US by 58.9% in the fourth quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after purchasing an additional 136,755 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lonestar Resources US by 177.0% in the first quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after purchasing an additional 108,558 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Lonestar Resources US by 113.6% in the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after purchasing an additional 57,171 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Lonestar Resources US by 106.8% in the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after purchasing an additional 50,404 shares in the last quarter. Institutional investors and hedge funds own 45.04% of the company’s stock.

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