Zacks: Analysts Expect Lonestar Resources US Inc (NASDAQ:LONE) to Post -$0.09 EPS

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Brokerages expect Lonestar Resources US Inc (NASDAQ:LONE) to announce earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Lonestar Resources US’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.05). Lonestar Resources US posted earnings of ($0.14) per share in the same quarter last year, which suggests a positive year over year growth rate of 35.7%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Lonestar Resources US will report full-year earnings of ($0.52) per share for the current year, with EPS estimates ranging from ($0.65) to ($0.38). For the next fiscal year, analysts forecast that the firm will post earnings of $0.34 per share, with EPS estimates ranging from ($0.10) to $1.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Lonestar Resources US.

Lonestar Resources US (NASDAQ:LONE) last released its earnings results on Monday, May 13th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). Lonestar Resources US had a positive return on equity of 1.78% and a negative net margin of 9.68%. The firm had revenue of $40.74 million during the quarter, compared to analysts’ expectations of $42.10 million.

LONE has been the subject of several research analyst reports. Northland Securities set a $6.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, July 8th. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. B. Riley set a $13.00 target price on Audioeye and gave the stock a “buy” rating in a report on Monday, May 13th. TheStreet downgraded YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $7.38.

Large investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. lifted its stake in Lonestar Resources US by 18.5% in the first quarter. Deprince Race & Zollo Inc. now owns 32,000 shares of the energy company’s stock worth $128,000 after purchasing an additional 5,000 shares during the last quarter. CAPROCK Group Inc. increased its holdings in Lonestar Resources US by 4.8% during the first quarter. CAPROCK Group Inc. now owns 169,200 shares of the energy company’s stock valued at $678,000 after buying an additional 7,814 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Lonestar Resources US in the fourth quarter worth $39,000. Squarepoint Ops LLC purchased a new position in Lonestar Resources US in the fourth quarter worth $130,000. Finally, Raymond James & Associates grew its holdings in Lonestar Resources US by 344.5% in the fourth quarter. Raymond James & Associates now owns 48,900 shares of the energy company’s stock worth $178,000 after purchasing an additional 37,900 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ LONE traded down $0.09 during mid-day trading on Wednesday, hitting $2.41. The company had a trading volume of 505 shares, compared to its average volume of 113,758. The firm has a market capitalization of $63.32 million, a P/E ratio of -36.29 and a beta of 2.04. Lonestar Resources US has a 1 year low of $1.93 and a 1 year high of $10.88. The business’s 50-day simple moving average is $2.44. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.42 and a quick ratio of 0.42.

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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