B. Riley began coverage on shares of Lonestar Resources US (NASDAQ:LONE) in a report released on Monday, February 5th, Marketbeat.com reports. The brokerage issued a buy rating and a $7.75 price objective on the energy company’s stock. B. Riley also issued estimates for Lonestar Resources US’s FY2017 earnings at ($0.36) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.10) EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.11) EPS, Q4 2019 earnings at ($0.08) EPS and FY2019 earnings at ($0.41) EPS.
Several other research analysts have also recently issued reports on LONE. Zacks Investment Research cut Lonestar Resources US from a strong-buy rating to a hold rating in a research report on Wednesday, October 11th. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the stock a buy rating in a research report on Monday, December 11th. Roth Capital set a $7.00 price objective on Lonestar Resources US and gave the stock a buy rating in a research report on Thursday, December 21st. ValuEngine upgraded Lonestar Resources US from a strong sell rating to a sell rating in a research report on Wednesday, January 3rd. Finally, Seaport Global Securities upgraded Lonestar Resources US from a neutral rating to a buy rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $7.88.
Shares of Lonestar Resources US (NASDAQ LONE) opened at $3.79 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57. Lonestar Resources US has a fifty-two week low of $2.43 and a fifty-two week high of $7.06.
Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Monday, November 13th. The energy company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ 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 will post -0.36 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new stake in Lonestar Resources US in the 2nd quarter worth about $242,000. CAPROCK Group Inc. acquired a new stake in Lonestar Resources US in the 4th quarter worth about $298,000. Phoenix Investment Adviser LLC boosted its stake in Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after buying an additional 95,599 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Lonestar Resources US by 29.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after buying an additional 75,400 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Lonestar Resources US by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after purchasing an additional 5,372 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.
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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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