Lonestar Resources US Inc (NASDAQ:LONE) – Research analysts at SunTrust Banks lowered their FY2019 earnings estimates for Lonestar Resources US in a research report issued to clients and investors on Monday, March 11th. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will post earnings per share of ($0.05) for the year, down from their prior forecast of $0.18. SunTrust Banks has a “Buy” rating and a $13.00 price objective on the stock. SunTrust Banks also issued estimates for Lonestar Resources US’s FY2020 earnings at $0.33 EPS.
Other equities analysts have also issued research reports about the stock. Northland Securities reiterated a “buy” rating and set a $10.00 price target on shares of Lonestar Resources US in a report on Wednesday, February 27th. Cowen assumed coverage on shares of Lonestar Resources US in a report on Monday, February 4th. They set an “outperform” rating on the stock. ValuEngine upgraded shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Saturday, March 9th. Finally, TheStreet upgraded shares of Lonestar Resources US from a “d” rating to a “c” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $10.21.
Lonestar Resources US (NASDAQ:LONE) last issued its earnings results on Thursday, March 7th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. Lonestar Resources US had a net margin of 10.96% and a return on equity of 0.80%. The firm had revenue of $57.89 million for the quarter, compared to analyst estimates of $53.36 million.
In other Lonestar Resources US news, Director Daniel R. Lockwood purchased 10,573 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were bought at an average price of $4.60 per share, for a total transaction of $48,635.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 16,359 shares of company stock worth $70,593. 2.30% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of LONE. D. E. Shaw & Co. Inc. acquired a new position in Lonestar Resources US in the fourth quarter valued at $39,000. Man Group plc acquired a new position in Lonestar Resources US in the third quarter valued at $114,000. Engineers Gate Manager LP acquired a new position in Lonestar Resources US in the third quarter valued at $165,000. Deprince Race & Zollo Inc. lifted its holdings in Lonestar Resources US by 63.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock valued at $99,000 after buying an additional 10,500 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Lonestar Resources US in the fourth quarter valued at $130,000. Institutional investors own 58.79% 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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