Lonestar Resources US (NASDAQ:LONE) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Lonestar Resources US (NASDAQ:LONE) from a sell rating to a hold rating in a report released on Thursday, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Lonestar Resources US from a c rating to a d+ rating in a research report on Wednesday, May 15th. Northland Securities set a $6.00 price objective on shares of Lonestar Resources US and gave the stock a buy rating in a research report on Monday, July 8th. B. Riley set a $8.00 price objective on shares of Lonestar Resources US and gave the stock a buy rating in a research report on Monday, May 13th. Finally, Zacks Investment Research cut shares of Lonestar Resources US from a hold rating to a strong sell rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Lonestar Resources US has a consensus rating of Buy and a consensus target price of $7.38.

LONE traded up $0.19 on Thursday, hitting $2.36. 109,513 shares of the stock were exchanged, compared to its average volume of 99,136. Lonestar Resources US has a 12 month low of $1.93 and a 12 month high of $10.13. The company has a 50-day moving average of $2.44. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $58.84 million, a price-to-earnings ratio of -33.71 and a beta of 2.03.

Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings data on Monday, May 13th. The energy company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $40.74 million for the quarter, compared to the consensus estimate of $42.10 million. On average, equities analysts expect that Lonestar Resources US will post -0.55 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of LONE. Bank of New York Mellon Corp grew its holdings in Lonestar Resources US by 440.2% during the 4th quarter. Bank of New York Mellon Corp now owns 71,236 shares of the energy company’s stock valued at $260,000 after buying an additional 58,048 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Lonestar Resources US by 344.5% during the 4th quarter. Raymond James & Associates now owns 48,900 shares of the energy company’s stock worth $178,000 after acquiring an additional 37,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lonestar Resources US by 35.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 883,200 shares of the energy company’s stock worth $3,224,000 after acquiring an additional 229,917 shares during the last quarter. Barclays PLC bought a new stake in Lonestar Resources US during the 4th quarter valued at $159,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Lonestar Resources US during the 4th quarter valued at $39,000. 57.41% of the stock is owned by hedge funds and other 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 that cover an area of 57,491 net acres in Texas counties.

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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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