Shares of Lonestar Resources US Inc (NASDAQ:LONE) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company.
Separately, Zacks Investment Research raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.
Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Lonestar Resources US by 82.6% in the 1st quarter. Bank of New York Mellon Corp now owns 93,712 shares of the energy company’s stock worth $39,000 after buying an additional 42,382 shares in the last quarter. Marshall Wace LLP purchased a new position in Lonestar Resources US during the 1st quarter valued at about $178,000. Finally, Sei Investments Co. acquired a new position in Lonestar Resources US during the second quarter worth about $446,000. Institutional investors and hedge funds own 28.92% of the company’s stock.
NASDAQ:LONE opened at $0.24 on Thursday. Lonestar Resources US has a 1 year low of $0.24 and a 1 year high of $3.29. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average price of $0.34 and a two-hundred day moving average price of $0.56. The stock has a market capitalization of $6.11 million, a price-to-earnings ratio of -0.03 and a beta of 2.97.
Lonestar Resources US (NASDAQ:LONE) last posted its quarterly earnings results on Sunday, August 16th. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). Lonestar Resources US had a negative return on equity of 17.01% and a negative net margin of 133.69%. The company had revenue of $17.22 million for the quarter, compared to analyst estimates of $47.00 million.
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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