Lonestar Resources US (LONE) Reaches New 1-Year High and Low at $8.62

Lonestar Resources US Inc (NASDAQ:LONE)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $8.62 and last traded at $8.32, with a volume of 5036 shares. The stock had previously closed at $8.49.

LONE has been the topic of a number of research reports. B. Riley raised their price target on Lonestar Resources US from $10.50 to $12.50 and gave the stock a “buy” rating in a report on Monday. Roth Capital set a $8.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Saturday, April 7th. Finally, ValuEngine raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.13.

The firm has a market cap of $190.20 million, a price-to-earnings ratio of -19.88 and a beta of 0.26. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.64.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Wednesday, March 28th. The energy company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. Lonestar Resources US had a negative return on equity of 4.27% and a negative net margin of 51.60%. The company had revenue of $31.43 million for the quarter, compared to analyst estimates of $30.61 million. analysts predict that Lonestar Resources US Inc will post -0.07 earnings per share for the current year.

In other Lonestar Resources US news, insider Barry Schneider acquired 15,000 shares of the stock in a transaction on Thursday, April 12th. The shares were bought at an average price of $4.60 per share, with a total value of $69,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John H. Murray acquired 9,570 shares of the stock in a transaction on Thursday, May 17th. The stock was acquired at an average cost of $7.01 per share, for a total transaction of $67,085.70. The disclosure for this purchase can be found here. Insiders acquired a total of 26,770 shares of company stock worth $150,342 in the last ninety days. 2.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LONE. B. Riley Financial Inc. boosted its holdings in Lonestar Resources US by 27.4% in the 4th quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock valued at $4,517,000 after purchasing an additional 244,385 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Lonestar Resources US by 113.6% in the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after purchasing an additional 57,171 shares in the last quarter. Gardner Lewis Asset Management L P boosted its holdings in Lonestar Resources US by 58.9% in the 4th quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after purchasing an additional 136,755 shares in the last quarter. Deutsche Bank AG boosted its holdings in Lonestar Resources US by 106.8% in the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after purchasing an additional 50,404 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Lonestar Resources US by 37.1% in the 1st quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock valued at $199,000 after purchasing an additional 12,413 shares in the last quarter. 45.77% of the stock is currently owned by institutional investors.

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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

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