Northland Securities set a $6.00 target price on Lonestar Resources US (NASDAQ:LONE) in a research report report published on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the energy company’s stock.
LONE has been the topic of a number of other reports. TheStreet downgraded shares of Lonestar Resources US from a c rating to a d+ rating in a report on Wednesday, May 15th. Zacks Investment Research downgraded shares of Lonestar Resources US from a buy rating to a hold rating in a report on Wednesday, March 20th. B. Riley set a $8.00 target price on shares of Lonestar Resources US and gave the stock a buy rating in a report on Monday, May 13th. Finally, ValuEngine downgraded shares of Lonestar Resources US from a hold rating to a sell rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $8.95.
Lonestar Resources US stock opened at $2.51 on Monday. The business has a 50-day simple moving average of $2.91. Lonestar Resources US has a twelve month low of $1.93 and a twelve month high of $11.24. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $61.58 million, a P/E ratio of -35.86 and a beta of 2.44.
Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Monday, May 13th. The energy company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Lonestar Resources US had a positive return on equity of 1.78% and a negative net margin of 9.68%. The business had revenue of $40.74 million during the quarter, compared to the consensus estimate of $42.10 million. As a group, sell-side analysts forecast that Lonestar Resources US will post -0.39 earnings per share for the current year.
In other news, CEO Frank D. Bracken III purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average cost of $4.42 per share, for a total transaction of $44,200.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 24,200 shares of company stock worth $85,430 over the last quarter. 2.90% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in Lonestar Resources US in the 1st quarter valued at about $178,000. Monarch Partners Asset Management LLC grew its stake in Lonestar Resources US by 97.3% in the 1st quarter. Monarch Partners Asset Management LLC now owns 125,421 shares of the energy company’s stock valued at $503,000 after acquiring an additional 61,840 shares during the last quarter. Wasatch Advisors Inc. grew its stake in Lonestar Resources US by 84.8% in the 1st quarter. Wasatch Advisors Inc. now owns 1,220,580 shares of the energy company’s stock valued at $4,895,000 after acquiring an additional 560,044 shares during the last quarter. Victory Capital Management Inc. grew its stake in Lonestar Resources US by 29.3% in the 1st quarter. Victory Capital Management Inc. now owns 458,726 shares of the energy company’s stock valued at $1,839,000 after acquiring an additional 103,900 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Lonestar Resources US by 18.5% in the 1st quarter. Deprince Race & Zollo Inc. now owns 32,000 shares of the energy company’s stock valued at $128,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 57.91% 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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