Lonestar Resources US Inc (LONE) Expected to Earn FY2018 Earnings of ($0.20) Per Share

Lonestar Resources US Inc (NASDAQ:LONE) – B. Riley increased their FY2018 EPS estimates for Lonestar Resources US in a research note issued to investors on Wednesday, November 7th. B. Riley analyst R. Rashid now expects that the energy company will post earnings of ($0.20) per share for the year, up from their previous forecast of ($0.28). B. Riley also issued estimates for Lonestar Resources US’s Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.12 EPS and Q3 2019 earnings at $0.11 EPS.

Several other research firms have also recently weighed in on LONE. Zacks Investment Research cut Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a report on Monday, August 13th. Cowen reissued a “buy” rating and set a $13.00 price target on shares of Lonestar Resources US in a report on Friday, July 20th. Finally, SunTrust Banks initiated coverage on Lonestar Resources US in a report on Wednesday, July 18th. They set a “buy” rating and a $17.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Lonestar Resources US currently has an average rating of “Buy” and a consensus price target of $11.08.

Shares of LONE opened at $7.44 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a 52 week low of $3.30 and a 52 week high of $11.24. The company has a market capitalization of $192.17 million, a PE ratio of -17.71 and a beta of 0.32.

Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Tuesday, November 6th. The energy company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Lonestar Resources US had a negative return on equity of 3.67% and a negative net margin of 38.32%. The firm had revenue of $58.74 million for the quarter, compared to analysts’ expectations of $50.95 million.

Large investors have recently bought and sold shares of the company. CAPROCK Group Inc. increased its stake in shares of Lonestar Resources US by 10.7% in the 3rd quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock worth $1,345,000 after purchasing an additional 16,700 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of Lonestar Resources US by 11.9% in the 2nd quarter. B. Riley Financial Inc. now owns 1,172,622 shares of the energy company’s stock worth $9,897,000 after purchasing an additional 124,594 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $199,000 after purchasing an additional 12,413 shares in the last quarter. Northpointe Capital LLC purchased a new stake in shares of Lonestar Resources US in the 2nd quarter worth $7,738,000. Finally, Renaissance Technologies LLC increased its stake in shares of Lonestar Resources US by 459.4% in the 2nd quarter. Renaissance Technologies LLC now owns 787,100 shares of the energy company’s stock worth $6,643,000 after purchasing an additional 646,400 shares in the last quarter. Hedge funds and other institutional investors own 45.79% of the company’s stock.

In other news, Director John H. Murray purchased 7,600 shares of the stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of $8.79 per share, with a total value of $66,804.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

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)

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