Lonestar Resources US Inc (NASDAQ:LONE) Expected to Post Quarterly Sales of $47.47 Million

Brokerages predict that Lonestar Resources US Inc (NASDAQ:LONE) will post $47.47 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Lonestar Resources US’s earnings. The lowest sales estimate is $44.39 million and the highest is $52.80 million. Lonestar Resources US reported sales of $47.85 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The business is expected to issue its next earnings report on Monday, August 5th.

On average, analysts expect that Lonestar Resources US will report full year sales of $200.54 million for the current year, with estimates ranging from $194.70 million to $212.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $259.76 million, with estimates ranging from $251.30 million to $267.14 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Monday, May 13th. The energy company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Lonestar Resources US had a positive return on equity of 1.78% and a negative net margin of 9.68%. The business had revenue of $40.74 million for the quarter, compared to analyst estimates of $42.10 million.

Several equities research analysts have recently commented on LONE shares. Zacks Investment Research cut shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Northland Securities reiterated a “buy” rating and set a $10.00 price target on shares of Lonestar Resources US in a research report on Wednesday, February 27th. TheStreet cut shares of Lonestar Resources US from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. B. Riley set a $8.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, ValuEngine cut shares of Lonestar Resources US from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $8.95.

In other news, CEO Frank D. Bracken III acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average price of $4.42 per share, for a total transaction of $44,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 24,200 shares of company stock valued at $85,430. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of LONE. D. E. Shaw & Co. Inc. bought a new stake in Lonestar Resources US during the fourth quarter worth $39,000. Deprince Race & Zollo Inc. raised its position in Lonestar Resources US by 63.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock worth $99,000 after acquiring an additional 10,500 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Lonestar Resources US during the fourth quarter worth $130,000. Barclays PLC bought a new stake in Lonestar Resources US during the fourth quarter worth $159,000. Finally, Marshall Wace LLP bought a new stake in Lonestar Resources US during the first quarter worth $178,000. Hedge funds and other institutional investors own 57.91% of the company’s stock.

Shares of NASDAQ:LONE opened at $2.44 on Wednesday. Lonestar Resources US has a one year low of $1.93 and a one year high of $11.24. The business’s 50 day simple moving average is $2.93. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $68.56 million, a PE ratio of -34.86 and a beta of 2.44.

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 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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