Lonestar Resources US (LONE) Bonds Drop 2% During Trading

An issue of Lonestar Resources US Inc. (NASDAQ:LONE) debt fell 2% as a percentage of its face value during trading on Friday. The debt issue has a 11.25% coupon and will mature on January 1, 2023. The bonds in the issue are now trading at $101.25. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

A number of research analysts recently issued reports on LONE shares. Zacks Investment Research upgraded Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a report on Wednesday, December 13th. Seaport Global Securities upgraded Lonestar Resources US from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Roth Capital set a $7.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research note on Thursday, December 21st. Cowen set a $8.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Northland Securities set a $7.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $7.89.

Lonestar Resources US Inc. (NASDAQ:LONE) traded down $0.24 during trading on Friday, reaching $3.93. The company’s stock had a trading volume of 58,074 shares, compared to its average volume of 135,608. Lonestar Resources US Inc. has a one year low of $2.43 and a one year high of $7.10. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $102.19, a PE ratio of -0.48 and a beta of 1.69.

Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings results on Monday, November 13th. The energy company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.11. Lonestar Resources US had a negative return on equity of 33.12% and a negative net margin of 112.78%. analysts anticipate that Lonestar Resources US Inc. will post -0.47 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. B. Riley Financial Inc. increased its position in shares of Lonestar Resources US by 40.0% during the third quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock worth $3,135,000 after purchasing an additional 255,174 shares in the last quarter. Phoenix Investment Adviser LLC increased its position in shares of Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after purchasing an additional 95,599 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after purchasing an additional 75,400 shares in the last quarter. Northpointe Capital LLC increased its position in shares of Lonestar Resources US by 4.7% during the third quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock worth $5,292,000 after purchasing an additional 68,140 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Lonestar Resources US during the fourth quarter worth about $298,000. Institutional investors own 47.74% of the company’s stock.

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About Lonestar Resources US

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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