Lonestar Resources US Inc (NASDAQ:LONE) Director Randy L. Wolsey bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $2.50 per share, with a total value of $12,500.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of LONE traded down $0.01 during trading hours on Thursday, reaching $2.48. 1,594 shares of the company traded hands, compared to its average volume of 222,525. The firm has a fifty day moving average of $2.45. The firm has a market cap of $60.83 million, a PE ratio of -35.71 and a beta of 2.03. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 2.57. Lonestar Resources US Inc has a 1-year low of $1.93 and a 1-year high of $9.60.
Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Monday, August 5th. The energy company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.08. The business had revenue of $52.22 million during the quarter, compared to analyst estimates of $48.44 million. Lonestar Resources US had a net margin of 5.82% and a return on equity of 3.41%. Sell-side analysts predict that Lonestar Resources US Inc will post -0.44 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in Lonestar Resources US in the fourth quarter worth about $130,000. D. E. Shaw & Co. Inc. acquired a new position in Lonestar Resources US in the fourth quarter worth about $39,000. Dimensional Fund Advisors LP raised its position in Lonestar Resources US by 35.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 883,200 shares of the energy company’s stock worth $3,224,000 after purchasing an additional 229,917 shares in the last quarter. Raymond James & Associates raised its position in Lonestar Resources US by 344.5% in the fourth quarter. Raymond James & Associates now owns 48,900 shares of the energy company’s stock worth $178,000 after purchasing an additional 37,900 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in Lonestar Resources US by 84.8% in the first quarter. Wasatch Advisors Inc. now owns 1,220,580 shares of the energy company’s stock worth $4,895,000 after purchasing an additional 560,044 shares in the last quarter. 57.11% of the stock is owned by institutional investors and hedge funds.
LONE has been the subject of a number of research analyst reports. Northland Securities set a $6.00 price objective on shares of Lonestar Resources US and gave the company a “buy” rating in a research report on Monday, July 8th. ValuEngine raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of Lonestar Resources US from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Finally, B. Riley set a $8.00 price objective on shares of Lonestar Resources US and gave the company a “buy” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $7.50.
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 that cover an area of 57,491 net acres in Texas counties.
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