Lonestar Resources US Inc (NASDAQ:LONE) – Equities research analysts at B. Riley upped their Q1 2019 earnings per share (EPS) estimates for Lonestar Resources US in a report released on Thursday, October 18th. B. Riley analyst R. Rashid now forecasts that the energy company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.03. B. Riley also issued estimates for Lonestar Resources US’s Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.15 EPS, FY2019 earnings at $0.48 EPS, Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.27 EPS, Q3 2020 earnings at $0.32 EPS and FY2020 earnings at $1.17 EPS.
Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings results on Sunday, August 5th. The energy company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.11). The company had revenue of $47.85 million during the quarter, compared to analysts’ expectations of $43.59 million. Lonestar Resources US had a negative net margin of 37.79% and a negative return on equity of 5.39%.
A number of other brokerages have also issued reports on LONE. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. ValuEngine upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Cowen restated a “buy” rating and set a $13.00 target price on shares of Lonestar Resources US in a research report on Friday, July 20th. Finally, SunTrust Banks started coverage on shares of Lonestar Resources US in a research report on Wednesday, July 18th. They set a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Lonestar Resources US currently has a consensus rating of “Buy” and an average price target of $11.08.
Shares of LONE opened at $8.89 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $215.57 million, a PE ratio of -21.17 and a beta of 0.38. Lonestar Resources US has a 12-month low of $3.13 and a 12-month high of $11.24.
In other news, Director John H. Murray acquired 7,600 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average cost of $8.79 per share, for a total transaction of $66,804.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John H. Murray acquired 15,400 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $130,746.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Lonestar Resources US in the 2nd quarter valued at $102,000. Raymond James & Associates purchased a new position in Lonestar Resources US in the 2nd quarter valued at $110,000. Deprince Race & Zollo Inc. acquired a new stake in Lonestar Resources US in the third quarter valued at $129,000. Citadel Advisors LLC acquired a new stake in Lonestar Resources US in the second quarter valued at $189,000. Finally, Russell Investments Group Ltd. acquired a new stake in Lonestar Resources US in the second quarter valued at $203,000. Hedge funds and other institutional investors own 46.58% of the company’s stock.
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. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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