Lonestar Resources US Inc (NASDAQ:LONE) – Equities research analysts at B. Riley cut their Q1 2019 earnings per share estimates for shares of Lonestar Resources US in a report released on Monday, May 13th. B. Riley analyst R. Rashid now anticipates that the energy company will earn ($0.14) per share for the quarter, down from their prior estimate of $0.02. B. Riley has a “Buy” rating and a $8.00 price target on the stock. B. Riley also issued estimates for Lonestar Resources US’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.11) EPS, FY2019 earnings at ($0.36) EPS, Q1 2020 earnings at $0.15 EPS and FY2020 earnings at $0.63 EPS.
Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Thursday, March 7th. The energy company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $57.89 million for the quarter, compared to analyst estimates of $53.36 million. Lonestar Resources US had a negative net margin of 9.68% and a positive return on equity of 1.78%.
Several other equities analysts have also weighed in on the stock. Northland Securities reiterated a “buy” rating and issued a $6.00 target price on shares of Lonestar Resources US in a report on Tuesday. ValuEngine lowered shares of Lonestar Resources US from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. TheStreet upgraded shares of Lonestar Resources US from a “d” rating to a “c” rating in a report on Tuesday, March 12th. Finally, Cowen initiated coverage on shares of Lonestar Resources US in a research note on Monday, February 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $8.95.
NASDAQ:LONE opened at $3.59 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.72 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $85.71 million, a price-to-earnings ratio of -51.29 and a beta of 2.19. Lonestar Resources US has a 1-year low of $3.00 and a 1-year high of $11.24.
Several institutional investors have recently added to or reduced their stakes in LONE. Marshall Wace LLP purchased a new stake in Lonestar Resources US during the 1st quarter worth approximately $178,000. Dimensional Fund Advisors LP increased its stake in Lonestar Resources US by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,109 shares of the energy company’s stock worth $4,171,000 after buying an additional 156,909 shares during the period. BlackRock Inc. increased its stake in Lonestar Resources US by 77.7% during the 1st quarter. BlackRock Inc. now owns 200,717 shares of the energy company’s stock worth $805,000 after buying an additional 87,794 shares during the period. Monarch Partners Asset Management LLC increased its stake in Lonestar Resources US by 97.3% during the 1st quarter. Monarch Partners Asset Management LLC now owns 125,421 shares of the energy company’s stock worth $503,000 after buying an additional 61,840 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in Lonestar Resources US during the 1st quarter worth approximately $64,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Frank D. Bracken III purchased 10,000 shares of Lonestar Resources US stock in a transaction dated Thursday, April 11th. The shares were acquired at an average cost of $4.42 per share, with a total value of $44,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel R. Lockwood purchased 11,650 shares of Lonestar Resources US stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $4.27 per share, for a total transaction of $49,745.50. The disclosure for this purchase can be found here. Insiders bought a total of 24,650 shares of company stock worth $104,476 over the last three months. Insiders own 2.90% 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 that cover an area of 57,491 net acres in Texas counties.
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