Brokerages expect Lonestar Resources US Inc. (NASDAQ:LONE) to report $28.45 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Lonestar Resources US’s earnings, with estimates ranging from $26.60 million to $31.60 million. Lonestar Resources US posted sales of $13.44 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 111.7%. The business is expected to announce its next earnings results on Thursday, March 22nd.
According to Zacks, analysts expect that Lonestar Resources US will report full year sales of $28.45 million for the current fiscal year, with estimates ranging from $88.10 million to $94.30 million. For the next year, analysts forecast that the firm will report sales of $130.79 million per share, with estimates ranging from $105.40 million to $151.50 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Lonestar Resources US.
LONE has been the topic of several recent research reports. Cowen reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Lonestar Resources US in a research note on Thursday, September 28th. Roth Capital set a $9.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $8.06.
A number of institutional investors and hedge funds have recently modified their holdings of LONE. Susquehanna International Group LLP bought a new stake in Lonestar Resources US during the 2nd quarter valued at approximately $242,000. Phoenix Investment Adviser LLC raised its stake in Lonestar Resources US by 85.8% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock valued at $803,000 after purchasing an additional 86,204 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Lonestar Resources US by 29.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after purchasing an additional 75,400 shares during the period. Vanguard Group Inc. raised its stake in Lonestar Resources US by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after purchasing an additional 5,372 shares during the period. Finally, B. Riley Financial Inc. bought a new stake in Lonestar Resources US during the 2nd quarter valued at approximately $2,744,000. 47.74% of the stock is currently owned by institutional investors.
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Lonestar Resources US Company Profile
Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.
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