Equities analysts expect Lonestar Resources US Inc. (NASDAQ:LONE) to report $17.67 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Lonestar Resources US’s earnings. The lowest sales estimate is $17.5 million and the highest is $17.82 million. The firm is scheduled to issue its next quarterly earnings results on Thursday, June 22nd.
According to Zacks, analysts expect that Lonestar Resources US will report full-year sales of $17.67 million for the current year, with estimates ranging from $86.4 million to $93 million. For the next year, analysts expect that the firm will post sales of $118.47 million per share, with estimates ranging from $109.3 million to $128.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Lonestar Resources US.
LONE has been the topic of several analyst reports. Johnson Rice initiated coverage on Lonestar Resources US in a research note on Monday, January 23rd. They set a “buy” rating and a $7.20 price objective on the stock. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Monday, January 16th. Canaccord Genuity reissued a “buy” rating and set a $13.00 price objective on shares of Lonestar Resources US in a research note on Friday, January 27th. Cowen and Company reduced their price objective on Lonestar Resources US from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, April 10th. Finally, Roth Capital set a $15.00 target price on Lonestar Resources US and gave the company a “buy” rating in a research report on Saturday, March 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.83.
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Lonestar Resources US (NASDAQ:LONE) remained flat at $3.80 during mid-day trading on Thursday. 37,808 shares of the company’s stock traded hands. The stock’s market cap is $82.93 million. The firm’s 50 day moving average price is $4.95 and its 200 day moving average price is $6.76. Lonestar Resources US has a 1-year low of $3.68 and a 1-year high of $16.00.
In other news, Director John H. Pinkerton purchased 20,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $4.74 per share, for a total transaction of $94,800.00. Following the completion of the acquisition, the director now owns 120,000 shares of the company’s stock, valued at $568,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.20% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of LONE. Phoenix Investment Adviser LLC increased its position in shares of Lonestar Resources US by 28.0% in the first quarter. Phoenix Investment Adviser LLC now owns 100,496 shares of the energy company’s stock worth $509,000 after buying an additional 22,000 shares during the period. Northpointe Capital LLC increased its position in shares of Lonestar Resources US by 71.2% in the first quarter. Northpointe Capital LLC now owns 1,189,994 shares of the energy company’s stock worth $6,021,000 after buying an additional 494,994 shares during the period. JVL Advisors L.L.C. acquired a new position in shares of Lonestar Resources US during the fourth quarter worth approximately $221,000. Gardner Lewis Asset Management L P acquired a new position in shares of Lonestar Resources US during the fourth quarter worth approximately $1,708,000. Finally, Arbiter Partners Capital Management LLC acquired a new position in shares of Lonestar Resources US during the fourth quarter worth approximately $109,000. 11.45% of the stock is owned by institutional investors.
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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