Lonestar Resources US Inc (NASDAQ:LONE) – B. Riley upped their Q1 2019 earnings estimates for Lonestar Resources US in a research report issued to clients and investors on Thursday, October 18th. B. Riley analyst R. Rashid now expects that the energy company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.03. B. Riley also issued estimates for Lonestar Resources US’s Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.15 EPS, FY2019 earnings at $0.48 EPS, Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.27 EPS, Q3 2020 earnings at $0.32 EPS and FY2020 earnings at $1.17 EPS.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. SunTrust Banks started coverage on Lonestar Resources US in a research report on Wednesday, July 18th. They issued a “buy” rating and a $17.00 price target for the company. Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. Cowen restated a “buy” rating and issued a $13.00 price target on shares of Lonestar Resources US in a research report on Friday, July 20th. Finally, ValuEngine upgraded Lonestar Resources US from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.08.
Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings results on Sunday, August 5th. The energy company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). Lonestar Resources US had a negative net margin of 37.79% and a negative return on equity of 5.39%. The firm had revenue of $47.85 million during the quarter, compared to analysts’ expectations of $43.59 million.
In related news, Director John H. Murray acquired 7,600 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $66,804.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director John H. Murray acquired 15,400 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $8.49 per share, with a total value of $130,746.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. CAPROCK Group Inc. increased its position in Lonestar Resources US by 10.7% during the 3rd quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock worth $1,345,000 after purchasing an additional 16,700 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Lonestar Resources US during the 3rd quarter worth about $129,000. Northern Trust Corp increased its position in Lonestar Resources US by 27.6% during the 2nd quarter. Northern Trust Corp now owns 49,551 shares of the energy company’s stock worth $418,000 after purchasing an additional 10,704 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Lonestar Resources US during the 2nd quarter worth about $102,000. Finally, B. Riley Financial Inc. increased its position in Lonestar Resources US by 11.9% during the 2nd quarter. B. Riley Financial Inc. now owns 1,172,622 shares of the energy company’s stock worth $9,897,000 after purchasing an additional 124,594 shares in the last quarter. Hedge funds and other institutional investors own 46.58% 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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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