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Can Lonestar Resources (LONE) Run Higher on Strong Earnings Estimate Revisions?
October 03, 2016


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Lonestar Resources US Inc. (LONE - Snapshot Report) is an oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LONE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Lonestar Resources could be a solid choice for investors.

Current Quarter Estimates for LONE

In the past 30 days, 1 estimate has gone higher for Lonestar Resources while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 30 cents a share 30 days ago, to a loss of 22 cents today, a move of 26.7%.

Current Year Estimates for LONE

Meanwhile, Lonestar Resources’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $2.41 per share 30 days ago to a loss of $2.03 per share today, an increase of 15.8%.

LONESTAR RESRCS Price and Consensus



Bottom Line

The stock has also started to move higher lately, adding 42.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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