Lonestar Resources US (NASDAQ:LONE) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Lonestar Resources US (NASDAQ:LONE) released its quarterly earnings results on Monday. The energy company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08, Morningstar.com reports. The business had revenue of $52.22 million for the quarter, compared to analysts’ expectations of $48.44 million. Lonestar Resources US had a negative net margin of 9.68% and a positive return on equity of 1.78%.

Lonestar Resources US stock traded up $0.36 on Tuesday, hitting $2.68. 44,385 shares of the stock traded hands, compared to its average volume of 110,114. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $67.06 million, a price-to-earnings ratio of -38.57 and a beta of 2.03. The firm has a fifty day moving average of $2.45. Lonestar Resources US has a 1 year low of $1.93 and a 1 year high of $10.13.

A number of institutional investors have recently made changes to their positions in LONE. Wasatch Advisors Inc. lifted its position in Lonestar Resources US by 84.8% during the first quarter. Wasatch Advisors Inc. now owns 1,220,580 shares of the energy company’s stock valued at $4,895,000 after buying an additional 560,044 shares during the period. Dimensional Fund Advisors LP lifted its position in Lonestar Resources US by 35.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 883,200 shares of the energy company’s stock valued at $3,224,000 after buying an additional 229,917 shares during the period. Deutsche Bank AG lifted its position in Lonestar Resources US by 325.8% during the fourth quarter. Deutsche Bank AG now owns 143,500 shares of the energy company’s stock valued at $523,000 after buying an additional 109,800 shares during the period. Victory Capital Management Inc. lifted its position in Lonestar Resources US by 29.3% during the first quarter. Victory Capital Management Inc. now owns 458,726 shares of the energy company’s stock valued at $1,839,000 after buying an additional 103,900 shares during the period. Finally, Monarch Partners Asset Management LLC lifted its position in Lonestar Resources US by 97.3% during the first quarter. Monarch Partners Asset Management LLC now owns 125,421 shares of the energy company’s stock valued at $503,000 after buying an additional 61,840 shares during the period. 57.30% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on LONE shares. ValuEngine upgraded shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. B. Riley set a $8.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Monday, May 13th. Zacks Investment Research cut shares of Lonestar Resources US from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 24th. Northland Securities set a $6.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Monday, July 8th. Finally, TheStreet cut shares of Lonestar Resources US from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.38.

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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Earnings History for Lonestar Resources US (NASDAQ:LONE)

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