Lonestar Resources US (NASDAQ:LONE) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Lonestar Resources US (NASDAQ:LONE) in a research report sent to investors on Monday, February 5th, MarketBeat Ratings reports. The firm issued a buy rating and a $7.75 price objective on the energy company’s stock. B. Riley also issued estimates for Lonestar Resources US’s FY2017 earnings at ($0.36) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.10) EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.11) EPS, Q4 2019 earnings at ($0.08) EPS and FY2019 earnings at ($0.41) EPS.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Lonestar Resources US from a sell rating to a buy rating and set a $4.00 price objective for the company in a research report on Friday, October 27th. Seaport Global Securities upgraded shares of Lonestar Resources US from a neutral rating to a buy rating in a research report on Friday, January 5th. Roth Capital set a $7.00 target price on shares of Lonestar Resources US and gave the company a buy rating in a report on Thursday, December 21st. ValuEngine raised shares of Lonestar Resources US from a strong sell rating to a sell rating in a report on Wednesday, January 3rd. Finally, Northland Securities set a $7.00 target price on shares of Lonestar Resources US and gave the company a buy rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Lonestar Resources US currently has a consensus rating of Buy and an average price target of $7.88.

Shares of Lonestar Resources US (LONE) traded up $0.03 on Monday, hitting $3.74. 26,000 shares of the stock traded hands, compared to its average volume of 109,286. Lonestar Resources US has a twelve month low of $2.43 and a twelve month high of $6.87. The firm has a market capitalization of $80.96, a P/E ratio of -0.44 and a beta of 0.89. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Monday, November 13th. The energy company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.11. Lonestar Resources US had a negative net margin of 112.78% and a negative return on equity of 33.12%. sell-side analysts forecast that Lonestar Resources US will post -0.36 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG increased its stake in shares of Lonestar Resources US by 106.8% during the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after purchasing an additional 50,404 shares in the last quarter. Gardner Lewis Asset Management L P increased its stake in shares of Lonestar Resources US by 58.9% during the 4th quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock worth $1,464,000 after purchasing an additional 136,755 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Lonestar Resources US by 113.6% during the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock worth $427,000 after purchasing an additional 57,171 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of Lonestar Resources US by 27.4% during the 4th quarter. B. Riley Financial Inc. now owns 1,137,660 shares of the energy company’s stock worth $4,517,000 after purchasing an additional 244,385 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in shares of Lonestar Resources US during the 4th quarter worth approximately $298,000. 47.14% of the stock is owned by institutional investors and hedge funds.

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About Lonestar Resources US

Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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