Analysts predict that Lonestar Resources US Inc (NASDAQ:LONE) will announce $43.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lonestar Resources US’s earnings, with the lowest sales estimate coming in at $37.62 million and the highest estimate coming in at $51.50 million. Lonestar Resources US reported sales of $18.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 140.8%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, August 6th.
According to Zacks, analysts expect that Lonestar Resources US will report full year sales of $181.75 million for the current financial year, with estimates ranging from $159.40 million to $204.90 million. For the next fiscal year, analysts expect that the firm will post sales of $226.32 million per share, with estimates ranging from $180.80 million to $263.20 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings results on Wednesday, March 28th. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Lonestar Resources US had a negative return on equity of 4.27% and a negative net margin of 51.60%. The company had revenue of $31.43 million during the quarter, compared to analysts’ expectations of $30.61 million.
Shares of Lonestar Resources US traded up $0.58, hitting $8.55, during trading on Friday, MarketBeat.com reports. The stock had a trading volume of 262,018 shares, compared to its average volume of 232,028. Lonestar Resources US has a 12-month low of $2.43 and a 12-month high of $8.90. The stock has a market cap of $196.36 million, a price-to-earnings ratio of -20.36 and a beta of 0.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.64.
In other news, Director John H. Murray acquired 9,570 shares of Lonestar Resources US stock in a transaction dated Thursday, May 17th. The stock was purchased at an average cost of $7.01 per share, for a total transaction of $67,085.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Barry Schneider acquired 15,000 shares of Lonestar Resources US stock in a transaction dated Thursday, April 12th. The stock was purchased at an average price of $4.60 per share, with a total value of $69,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 26,770 shares of company stock valued at $150,342. Company insiders own 2.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Lonestar Resources US by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock valued at $199,000 after acquiring an additional 12,413 shares in the last quarter. Deutsche Bank AG raised its position in Lonestar Resources US by 106.8% during the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after acquiring an additional 50,404 shares in the last quarter. Renaissance Technologies LLC raised its position in Lonestar Resources US by 113.6% during the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after acquiring an additional 57,171 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lonestar Resources US by 177.0% during the first quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after acquiring an additional 108,558 shares in the last quarter. Finally, Gardner Lewis Asset Management L P raised its position in Lonestar Resources US by 58.9% during the fourth quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after acquiring an additional 136,755 shares in the last quarter. Institutional investors own 45.77% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.