Brokers Offer Predictions for Lonestar Resources US Inc.’s FY2017 Earnings (NASDAQ:LONE)

Lonestar Resources US Inc. (NASDAQ:LONE) – Equities researchers at Seaport Global Securities upped their FY2017 earnings per share (EPS) estimates for shares of Lonestar Resources US in a report released on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now expects that the energy company will earn ($0.40) per share for the year, up from their prior estimate of ($0.47). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Lonestar Resources US’s Q4 2017 earnings at ($0.05) EPS, Q1 2018 earnings at ($0.28) EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at ($0.54) EPS.

A number of other analysts have also recently commented on the company. B. Riley began coverage on Lonestar Resources US in a research note on Monday, February 5th. They issued a “buy” rating and a $7.75 price target for the company. Cowen set a $8.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Roth Capital set a $7.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Lonestar Resources US currently has an average rating of “Buy” and a consensus target price of $7.88.

Shares of Lonestar Resources US (NASDAQ LONE) opened at $3.74 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57. Lonestar Resources US has a 52 week low of $2.43 and a 52 week high of $6.99.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings results on Monday, November 13th. The energy company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. Lonestar Resources US had a negative return on equity of 33.12% and a negative net margin of 112.78%.

A number of large investors have recently added to or reduced their stakes in the business. Phoenix Investment Adviser LLC boosted its holdings in shares of Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after buying an additional 95,599 shares during the last quarter. Victory Capital Management Inc. boosted 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 valued at $3,390,000 after buying an additional 44,980 shares during the last quarter. Northpointe Capital LLC boosted its holdings in shares of Lonestar Resources US by 4.7% in the 3rd quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after buying an additional 68,140 shares during the last quarter. B. Riley Financial Inc. boosted 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 valued at $3,135,000 after buying an additional 255,174 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Lonestar Resources US in the 4th quarter valued at approximately $298,000. 47.14% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for Lonestar Resources US (NASDAQ:LONE)

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