Brokerages Expect Lonestar Resources US Inc (NASDAQ:LONE) Will Announce Earnings of -$0.11 Per Share

Wall Street analysts expect Lonestar Resources US Inc (NASDAQ:LONE) to report earnings per share (EPS) of ($0.11) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Lonestar Resources US’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.10). Lonestar Resources US posted earnings per share of $0.01 in the same quarter last year, which would indicate a negative year over year growth rate of 1,200%. The company is scheduled to report its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Lonestar Resources US will report full year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.40) to ($0.38). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.23 per share, with EPS estimates ranging from ($0.29) to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Lonestar Resources US.

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



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

Several large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its holdings in shares of Lonestar Resources US by 18.5% in the 1st quarter. Deprince Race & Zollo Inc. now owns 32,000 shares of the energy company’s stock valued at $128,000 after acquiring an additional 5,000 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Lonestar Resources US by 4.8% in the 1st quarter. CAPROCK Group Inc. now owns 169,200 shares of the energy company’s stock valued at $678,000 after acquiring an additional 7,814 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Lonestar Resources US by 27.8% in the 2nd quarter. GSA Capital Partners LLP now owns 36,369 shares of the energy company’s stock valued at $83,000 after acquiring an additional 7,915 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in shares of Lonestar Resources US in the 4th quarter valued at $39,000. Finally, Jane Street Group LLC purchased a new position in shares of Lonestar Resources US in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 57.11% of the company’s stock.

LONE traded down $0.01 during trading on Thursday, hitting $2.48. 2,427 shares of the stock were exchanged, compared to its average volume of 222,525. The stock has a 50 day moving average price of $2.45. The firm has a market capitalization of $60.83 million, a price-to-earnings ratio of -35.14 and a beta of 2.03. Lonestar Resources US has a 1 year low of $1.93 and a 1 year high of $9.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.35 and a current ratio of 0.35.

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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