Lonestar Resources US (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Lonestar Resources US Inc. is an oil and gas company. It is involved in exploration, production and acquisition of unconventional oil and gas reserves. Lonestar Resources US Inc. is headquartered in Fort Worth, United States. “
Other equities research analysts have also issued research reports about the company. 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. 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. B. Riley assumed coverage on Lonestar Resources US in a research report on Monday, February 5th. They issued a “buy” rating and a $7.75 price objective on the stock. Cowen set a $8.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research report on Thursday, January 11th. 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 analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.43.
Shares of NASDAQ:LONE opened at $4.46 on Friday. Lonestar Resources US has a twelve month low of $2.43 and a twelve month high of $5.52. 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 company has a market capitalization of $97.33, a P/E ratio of -10.62 and a beta of -0.10.
Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Wednesday, March 28th. The energy company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Lonestar Resources US had a negative net margin of 41.10% and a negative return on equity of 5.41%. The company had revenue of $31.43 million for the quarter, compared to the consensus estimate of $30.61 million. analysts forecast that Lonestar Resources US will post -0.32 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in LONE. CAPROCK Group Inc. purchased a new stake in Lonestar Resources US in the 4th quarter worth approximately $298,000. Deutsche Bank AG lifted its position in shares of Lonestar Resources US by 106.8% during the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after buying an additional 50,404 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Lonestar Resources US by 113.6% during the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after buying an additional 57,171 shares in the last quarter. Gardner Lewis Asset Management L P lifted its position in shares of Lonestar Resources US by 58.9% during the 4th quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after buying an additional 136,755 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Lonestar Resources US by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after buying an additional 5,372 shares in the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.
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About Lonestar Resources US
Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties in Texas counties. It also owns 28,655 net undeveloped acres in the Poplar West area of the Bakken Three Forks formation located in Roosevelt County, Montana.
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