Lonestar Resources US (LONE) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Lonestar Resources US (NASDAQ:LONE) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday.

Several other brokerages also recently weighed in on LONE. Cowen set a $8.00 target price on Lonestar Resources US and gave the company a buy rating in a research note on Thursday, January 11th. Zacks Investment Research cut Lonestar Resources US from a strong-buy rating to a hold rating in a research report on Wednesday, January 10th. Seaport Global Securities upgraded Lonestar Resources US from a neutral rating to a buy rating in a research report on Friday, January 5th. B. Riley initiated coverage on Lonestar Resources US in a research report on Monday, February 5th. They set a buy rating and a $7.75 price target on the stock. Finally, Roth Capital set a $7.00 price target on Lonestar Resources US and gave the company a buy rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $7.43.

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Shares of Lonestar Resources US stock opened at $4.89 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.29 and a current ratio of 0.29. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $5.50.

Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Wednesday, March 28th. The energy company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $31.43 million for the quarter, compared to the consensus estimate of $30.61 million. Lonestar Resources US had a negative return on equity of 4.99% and a negative net margin of 41.10%. equities research analysts forecast that Lonestar Resources US will post -0.32 earnings per share for the current fiscal year.

In other news, insider Barry Schneider purchased 15,000 shares of the stock in a transaction dated Thursday, April 12th. The shares were bought at an average cost of $4.60 per share, for a total transaction of $69,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CAPROCK Group Inc. acquired a new position in shares of Lonestar Resources US in the 4th quarter worth $298,000. Deutsche Bank AG grew its holdings in shares of Lonestar Resources US by 106.8% in the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after acquiring an additional 50,404 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lonestar Resources US by 113.6% during the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after buying an additional 57,171 shares in the last quarter. Gardner Lewis Asset Management L P grew its holdings in shares of Lonestar Resources US by 58.9% during the fourth quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock valued at $1,464,000 after buying an additional 136,755 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Lonestar Resources US by 1.6% during the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after buying an additional 5,372 shares in the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.

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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 in Texas counties. It also owns 28,655 net undeveloped acres in the Poplar West area of the Bakken Three Forks formation located in Roosevelt County, Montana.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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