Wall Street analysts forecast that Lonestar Resources US Inc (NASDAQ:LONE) will post $48.59 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Lonestar Resources US’s earnings, with estimates ranging from $43.10 million to $53.60 million. Lonestar Resources US reported sales of $36.69 million during the same quarter last year, which would suggest a positive year over year growth rate of 32.4%. The firm is expected to issue its next earnings report on Monday, May 13th.
On average, analysts expect that Lonestar Resources US will report full year sales of $209.71 million for the current year, with estimates ranging from $200.25 million to $226.80 million. For the next fiscal year, analysts forecast that the business will report sales of $260.58 million, with estimates ranging from $243.18 million to $281.50 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Lonestar Resources US.
Lonestar Resources US (NASDAQ:LONE) last released its earnings results on Thursday, March 7th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. Lonestar Resources US had a return on equity of 0.73% and a net margin of 10.96%. The firm had revenue of $57.89 million for the quarter, compared to analysts’ expectations of $53.36 million.
Shares of NASDAQ LONE traded down $0.02 during trading on Thursday, reaching $4.10. The company had a trading volume of 67,582 shares, compared to its average volume of 113,583. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.96. Lonestar Resources US has a 12-month low of $3.41 and a 12-month high of $11.24. The stock has a market cap of $101.57 million, a P/E ratio of -58.57 and a beta of 2.24.
In other news, Director Daniel R. Lockwood bought 11,650 shares of the company’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $4.27 per share, with a total value of $49,745.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank D. Bracken III bought 10,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was purchased at an average cost of $4.42 per share, for a total transaction of $44,200.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. B. Riley Financial Inc. boosted its position in Lonestar Resources US by 80.3% in the fourth quarter. B. Riley Financial Inc. now owns 2,430,251 shares of the energy company’s stock worth $8,870,000 after purchasing an additional 1,082,522 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lonestar Resources US by 13.9% in the third quarter. Renaissance Technologies LLC now owns 896,200 shares of the energy company’s stock worth $6,981,000 after purchasing an additional 109,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Lonestar Resources US by 35.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 883,200 shares of the energy company’s stock worth $3,224,000 after purchasing an additional 229,917 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Lonestar Resources US in the third quarter worth about $3,399,000. Finally, Prudential PLC purchased a new position in Lonestar Resources US in the fourth quarter worth about $632,000. 58.45% of the stock is currently owned by institutional investors and hedge funds.
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.
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