Lonestar Resources US (NASDAQ:LONE) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.95.
Several research analysts have commented on LONE shares. ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Seaport Global Securities raised Lonestar Resources US from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Saturday, April 7th. Cowen set a $8.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, B. Riley started coverage on Lonestar Resources US in a report on Monday, February 5th. They set a “buy” rating and a $7.75 target price on the stock.
LONE stock traded down $0.04 during midday trading on Wednesday, reaching $4.91. 112,502 shares of the stock were exchanged, compared to its average volume of 84,877. The firm has a market capitalization of $121.94, a P/E ratio of -11.69 and a beta of -0.10. Lonestar Resources US has a 52 week low of $2.43 and a 52 week high of $5.50. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.40.
Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Wednesday, March 28th. The energy company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The firm had revenue of $31.43 million for the quarter, compared to the consensus estimate of $30.61 million. Lonestar Resources US had a negative return on equity of 4.99% and a negative net margin of 41.10%. equities research analysts expect that Lonestar Resources US will post -0.32 EPS for the current fiscal year.
In related news, insider Barry Schneider bought 15,000 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were purchased at an average cost of $4.60 per share, with a total value of $69,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LONE. CAPROCK Group Inc. acquired a new position in shares of Lonestar Resources US in the 4th quarter valued at about $298,000. Deutsche Bank AG lifted its stake in shares of Lonestar Resources US by 106.8% in the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after purchasing an additional 50,404 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Lonestar Resources US by 113.6% in the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after purchasing an additional 57,171 shares during the period. Gardner Lewis Asset Management L P lifted its stake in shares of Lonestar Resources US by 58.9% in 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 purchasing an additional 136,755 shares during the period. 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 during the period. 52.47% of the stock is currently owned by hedge funds and other institutional investors.
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Lonestar Resources US Company Profile
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. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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