Lonestar Resources US Inc (NASDAQ:LONE) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 273,300 shares, a decrease of 7.9% from the April 30th total of 296,900 shares. Based on an average daily volume of 202,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the shares of the stock are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Lonestar Resources US by 82.6% during the first quarter. Bank of New York Mellon Corp now owns 93,712 shares of the energy company’s stock valued at $39,000 after purchasing an additional 42,382 shares in the last quarter. CAPROCK Group Inc. grew its position in shares of Lonestar Resources US by 29.6% during the first quarter. CAPROCK Group Inc. now owns 219,200 shares of the energy company’s stock valued at $91,000 after purchasing an additional 50,000 shares in the last quarter. Marshall Wace LLP purchased a new position in Lonestar Resources US in the first quarter worth about $178,000. Finally, Monarch Partners Asset Management LLC grew its position in Lonestar Resources US by 25.1% in the fourth quarter. Monarch Partners Asset Management LLC now owns 241,456 shares of the energy company’s stock worth $630,000 after acquiring an additional 48,505 shares in the last quarter. 46.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on LONE. Northland Securities cut Lonestar Resources US from an “outperform” rating to a “hold” rating in a report on Friday, March 13th. Roth Capital lowered Lonestar Resources US from a “buy” rating to a “neutral” rating in a research note on Friday, March 13th. ValuEngine raised Lonestar Resources US from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Cowen lowered Lonestar Resources US from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 11th. Finally, Zacks Investment Research lowered Lonestar Resources US from a “buy” rating to a “hold” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.38.
LONE remained flat at $$0.59 during trading on Friday. The company’s stock had a trading volume of 80,736 shares, compared to its average volume of 186,992. The business’s 50-day moving average is $0.58 and its 200 day moving average is $1.50. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.11. Lonestar Resources US has a 1-year low of $0.36 and a 1-year high of $3.42.
About Lonestar Resources US
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.
See Also: Why is insider trading harmful?
Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.