Analysts Expect Lonestar Resources US Inc (NASDAQ:LONE) Will Post Quarterly Sales of $52.30 Million

Analysts expect Lonestar Resources US Inc (NASDAQ:LONE) to report $52.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Lonestar Resources US’s earnings, with estimates ranging from $51.80 million to $53.00 million. Lonestar Resources US posted sales of $58.74 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 11%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, November 11th.

On average, analysts expect that Lonestar Resources US will report full year sales of $198.70 million for the current year, with estimates ranging from $197.10 million to $202.00 million. For the next year, analysts anticipate that the company will post sales of $223.67 million, with estimates ranging from $209.80 million to $238.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Lonestar Resources US.

Several analysts have recently issued reports on LONE shares. ValuEngine raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Seaport Global Securities cut shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.44.

Shares of NASDAQ LONE opened at $2.79 on Friday. Lonestar Resources US has a 52-week low of $1.93 and a 52-week high of $7.70. The firm has a fifty day moving average of $2.59 and a 200-day moving average of $2.76. The stock has a market capitalization of $69.31 million, a PE ratio of -39.86 and a beta of 1.94. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 2.57.

Several hedge funds and other institutional investors have recently made changes to their positions in LONE. Wasatch Advisors Inc. lifted its holdings in shares of Lonestar Resources US by 57.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,917,297 shares of the energy company’s stock valued at $4,391,000 after acquiring an additional 696,717 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Lonestar Resources US by 113.2% during the 2nd quarter. BlackRock Inc. now owns 427,909 shares of the energy company’s stock valued at $979,000 after acquiring an additional 227,192 shares in the last quarter. Intersect Capital LLC acquired a new position in shares of Lonestar Resources US during the 3rd quarter valued at $100,000. Raffles Associates LP lifted its holdings in shares of Lonestar Resources US by 129.0% during the 2nd quarter. Raffles Associates LP now owns 114,476 shares of the energy company’s stock valued at $262,000 after acquiring an additional 64,476 shares in the last quarter. Finally, Monarch Partners Asset Management LLC lifted its holdings in shares of Lonestar Resources US by 38.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 192,951 shares of the energy company’s stock valued at $525,000 after acquiring an additional 53,810 shares in the last quarter. 55.10% of the stock is owned by institutional investors.

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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