Brokerages Expect Lonestar Resources US Inc. (LONE) Will Announce Quarterly Sales of $28.45 Million

Wall Street analysts expect Lonestar Resources US Inc. (NASDAQ:LONE) to report sales of $28.45 million for the current quarter, according to Zacks. Three analysts have issued 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 suggests a positive year over year growth rate of 111.7%. The company is expected to announce its next earnings report on Thursday, March 22nd.

On average, 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 fiscal year, analysts anticipate that the company will post sales of $130.79 million per share, with estimates ranging from $105.40 million to $151.50 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Lonestar Resources US.

LONE has been the topic of a number of analyst reports. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective on the stock in a research note on Tuesday, August 22nd. Roth Capital set a $9.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $7.00 price objective on shares of Lonestar Resources US in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.06.

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In other Lonestar Resources US news, Director Stephen H. Oglesby bought 10,000 shares of Lonestar Resources US stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $31,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northpointe Capital LLC lifted its position in Lonestar Resources US by 4.7% during the third quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock worth $5,292,000 after buying an additional 68,140 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Lonestar Resources US by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock worth $3,390,000 after purchasing an additional 44,980 shares during the period. B. Riley Financial Inc. raised its holdings in shares of Lonestar Resources US by 40.0% in the 3rd quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock worth $3,135,000 after purchasing an additional 255,174 shares during the period. Vanguard Group Inc. raised its holdings in shares of Lonestar Resources US by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after purchasing an additional 5,372 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Lonestar Resources US by 29.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after purchasing an additional 75,400 shares during the period. Hedge funds and other institutional investors own 47.27% of the company’s stock.

Shares of Lonestar Resources US (NASDAQ:LONE) opened at $3.72 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a 52 week low of $2.43 and a 52 week high of $9.87.

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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Earnings History and Estimates for Lonestar Resources US (NASDAQ:LONE)

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