Shares of Lonestar Resources US (NASDAQ:LONE) hit a new 52-week high and low during mid-day trading on Monday following insider buying activity. The stock traded as low as $7.35 and last traded at $7.06, with a volume of 172274 shares. The stock had previously closed at $7.18.
Specifically, insider Barry Schneider purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, April 12th. The stock was purchased at an average price of $4.60 per share, for a total transaction of $69,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John H. Murray purchased 9,570 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was acquired at an average price of $7.01 per share, with a total value of $67,085.70. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 26,770 shares of company stock valued at $150,342. 2.30% of the stock is owned by company insiders.
Several equities research analysts have commented on LONE shares. B. Riley started coverage on Lonestar Resources US in a research note on Monday, February 5th. They set a “buy” rating and a $7.75 price objective for the company. Zacks Investment Research lowered Lonestar Resources US from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. ValuEngine lowered Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, Roth Capital set a $8.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, April 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.96.
The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $176.89 million, a P/E ratio of -16.81 and a beta of -0.26.
Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings data 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. Lonestar Resources US had a negative return on equity of 4.27% and a negative net margin of 51.60%. The company had revenue of $31.43 million during the quarter, compared to analyst estimates of $30.61 million. analysts expect that Lonestar Resources US will post -0.16 EPS for the current year.
Several hedge funds have recently bought and sold shares of LONE. B. Riley Financial Inc. grew its position in shares of Lonestar Resources US by 27.4% in the fourth quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock valued at $4,517,000 after purchasing an additional 244,385 shares in the last quarter. Gardner Lewis Asset Management L P grew its position in shares of Lonestar Resources US by 58.9% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lonestar Resources US by 177.0% in the first quarter. Dimensional Fund Advisors LP now owns 169,873 shares of the energy company’s stock valued at $737,000 after acquiring an additional 108,558 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Lonestar Resources US by 113.6% in the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after acquiring an additional 57,171 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Lonestar Resources US by 106.8% in the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after acquiring an additional 50,404 shares during the last quarter. Institutional investors and hedge funds own 45.77% of the company’s stock.
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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