B. Riley set a $8.00 target price on Lonestar Resources US (NASDAQ:LONE) in a report published on Monday morning, TipRanks reports. The firm currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for Lonestar Resources US’s Q1 2019 earnings at ($0.14) EPS, 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.
A number of other equities analysts have also issued reports on LONE. ValuEngine upgraded shares of Lonestar Resources US from a sell rating to a hold rating in a research report on Thursday, January 31st. Cowen started coverage on shares of Lonestar Resources US in a research report on Monday, February 4th. They set an outperform rating on the stock. Northland Securities reiterated a buy rating and set a $10.00 target price on shares of Lonestar Resources US in a research report on Wednesday, February 27th. Zacks Investment Research upgraded shares of Lonestar Resources US from a hold rating to a buy rating and set a $4.75 target price on the stock in a research report on Saturday, March 9th. Finally, TheStreet upgraded shares of Lonestar Resources US from a d rating to a c rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Lonestar Resources US presently has an average rating of Buy and an average price target of $8.95.
NASDAQ:LONE opened at $3.59 on Monday. 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 12 month low of $3.00 and a 12 month high of $11.24. The company has a current ratio of 0.42, a quick ratio of 0.72 and a debt-to-equity ratio of 2.72.
Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Thursday, March 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.13. Lonestar Resources US had a negative net margin of 9.68% and a positive return on equity of 1.78%. The company had revenue of $57.89 million for the quarter, compared to analyst estimates of $53.36 million. Research analysts predict that Lonestar Resources US will post -0.24 earnings per share for the current fiscal year.
In other Lonestar Resources US news, Director Daniel R. Lockwood acquired 11,650 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $4.27 per share, for a total transaction of $49,745.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank D. Bracken III acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average price of $4.42 per share, for a total transaction of $44,200.00. The disclosure for this purchase can be found here. Insiders purchased 24,650 shares of company stock worth $104,476 over the last 90 days. 2.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Lonestar Resources US in the fourth quarter valued at approximately $130,000. Monarch Partners Asset Management LLC increased its stake in Lonestar Resources US by 12.3% in the fourth quarter. Monarch Partners Asset Management LLC now owns 63,581 shares of the energy company’s stock valued at $232,000 after purchasing an additional 6,987 shares in the last quarter. Man Group plc bought a new stake in Lonestar Resources US in the third quarter valued at approximately $114,000. B. Riley Financial Inc. increased its stake in Lonestar Resources US by 80.3% in the fourth quarter. B. Riley Financial Inc. now owns 2,430,251 shares of the energy company’s stock valued at $8,870,000 after purchasing an additional 1,082,522 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Lonestar Resources US by 63.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock valued at $99,000 after purchasing an additional 10,500 shares in the last quarter. Institutional investors and hedge funds own 57.49% 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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