Lonestar Resources US Inc (NASDAQ:LONE) – Investment analysts at B. Riley raised their Q3 2018 earnings per share estimates for Lonestar Resources US in a report released on Tuesday, October 9th. B. Riley analyst R. Rashid now expects that the energy company will post earnings of ($0.02) per share for the quarter, up from their previous forecast of ($0.05). B. Riley also issued estimates for Lonestar Resources US’s Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.28) EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.07 EPS, FY2019 earnings at $0.37 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.29 EPS and FY2020 earnings at $1.10 EPS.

Several other research firms have also recently issued reports on LONE. Cowen restated a “buy” rating and set a $13.00 price objective on shares of Lonestar Resources US in a report on Friday, July 20th. SunTrust Banks assumed coverage on Lonestar Resources US in a report on Wednesday, July 18th. They set a “buy” rating and a $17.00 price objective on the stock. Zacks Investment Research upgraded Lonestar Resources US from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, July 18th. ValuEngine upgraded Lonestar Resources US from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a report on Monday, August 13th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $11.25.

LONE stock opened at $8.13 on Thursday. Lonestar Resources US has a 52-week low of $3.13 and a 52-week high of $11.24. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $191.92 million, a PE ratio of -19.45 and a beta of 0.40.

Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings data on Sunday, August 5th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.11). Lonestar Resources US had a negative return on equity of 5.39% and a negative net margin of 37.79%. The business had revenue of $47.85 million for the quarter, compared to analyst estimates of $43.59 million.

In other news, Director John H. Murray bought 7,600 shares of Lonestar Resources US stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $8.79 per share, for a total transaction of $66,804.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John H. Murray bought 15,400 shares of Lonestar Resources US stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $130,746.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of LONE. JPMorgan Chase & Co. raised its position in Lonestar Resources US by 37.1% in the first quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock valued at $199,000 after purchasing an additional 12,413 shares during the period. Dimensional Fund Advisors LP raised its position in Lonestar Resources US by 177.0% in the first quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after purchasing an additional 108,558 shares during the period. Bank of Montreal Can purchased a new position in Lonestar Resources US in the second quarter valued at about $234,000. CAPROCK Group Inc. raised its position in Lonestar Resources US by 159.9% in the second quarter. CAPROCK Group Inc. now owns 155,935 shares of the energy company’s stock valued at $1,316,000 after purchasing an additional 95,935 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Lonestar Resources US in the second quarter valued at about $1,258,000. Hedge funds and other institutional investors own 46.58% of the company’s stock.

Lonestar Resources US Company Profile

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.

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

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