Revenue Update on Lonestar Resources US(NASDAQ:LONE)

Lonestar Resources US(NASDAQ:LONE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $13.435M. Analysts estimated a revenue of $17.750M. The revenues were -24.31% below the estimates. Earnings per share were $-1.12. The reported EPS was below estimates by -1,300%. Analysts had estimated an EPS of $-0.08.

In a different note, Johnson Rice said it Initiates Coverage On Lonestar Resources US, according to a research note issued on Jan 23, 2017. In the research note, the firm Announces the price-target to $7.2 per share. The shares have been rated ‘Buy’ by the firm.

Lonestar Resources US (LONE) shares turned negative on Fridays trading session with the shares closing down -0.44 points or -7.86% at a volume of 2,35,245. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.28. The peak price level was also seen at $5.28 while the days lowest was $4.7975. Finally the shares closed at $5.16. The 52-week high of the shares is $16 while the 52-week low is $2.96. According to the latest information available, the market cap of the company is $113 M.

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