Lonestar Resources US Inc (LONE) Expected to Announce Quarterly Sales of $50.62 Million

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Wall Street analysts forecast that Lonestar Resources US Inc (NASDAQ:LONE) will post $50.62 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Lonestar Resources US’s earnings, with the lowest sales estimate coming in at $47.20 million and the highest estimate coming in at $56.20 million. Lonestar Resources US reported sales of $26.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 88.3%. The business is expected to report its next earnings report on Monday, November 12th.

According to Zacks, analysts expect that Lonestar Resources US will report full-year sales of $190.22 million for the current financial year, with estimates ranging from $178.88 million to $205.80 million. For the next financial year, analysts expect that the business will post sales of $244.00 million, with estimates ranging from $215.70 million to $271.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings data on Sunday, August 5th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.11). The company had revenue of $47.85 million during the quarter, compared to analysts’ expectations of $43.59 million. Lonestar Resources US had a negative net margin of 37.79% and a negative return on equity of 5.39%.

LONE has been the subject of several research reports. Cowen reissued a “buy” rating and issued a $13.00 price objective on shares of Lonestar Resources US in a research report on Friday, July 20th. SunTrust Banks initiated coverage on shares of Lonestar Resources US in a research report on Wednesday, July 18th. They issued a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, July 18th. ValuEngine raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Lonestar Resources US has an average rating of “Buy” and an average price target of $11.08.

In other Lonestar Resources US news, Director John H. Murray purchased 15,400 shares of Lonestar Resources US stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $130,746.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John H. Murray purchased 7,600 shares of Lonestar Resources US stock in a transaction dated Monday, August 13th. The stock was acquired at an average price of $8.79 per share, with a total value of $66,804.00. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of LONE. Bank of New York Mellon Corp bought a new stake in shares of Lonestar Resources US in the 2nd quarter valued at about $102,000. Raymond James & Associates bought a new stake in shares of Lonestar Resources US in the 2nd quarter valued at about $110,000. Deprince Race & Zollo Inc. bought a new stake in shares of Lonestar Resources US in the 3rd quarter valued at about $129,000. Citadel Advisors LLC bought a new stake in shares of Lonestar Resources US in the 2nd quarter valued at about $189,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Lonestar Resources US by 37.1% in the 1st quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock valued at $199,000 after purchasing an additional 12,413 shares in the last quarter. Institutional investors and hedge funds own 46.58% of the company’s stock.

Lonestar Resources US stock traded up $0.14 during trading hours on Monday, hitting $8.89. The company had a trading volume of 94,153 shares, compared to its average volume of 256,302. The stock has a market cap of $215.57 million, a price-to-earnings ratio of -21.17 and a beta of 0.38. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.20 and a quick ratio of 0.20. Lonestar Resources US has a 1 year low of $3.13 and a 1 year high of $11.24.

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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