Lonestar Resources US’s (LONE) Buy Rating Reiterated at SunTrust Banks

Lonestar Resources US (NASDAQ:LONE)‘s stock had its “buy” rating restated by SunTrust Banks in a note issued to investors on Sunday. They currently have a $13.00 target price on the energy company’s stock. SunTrust Banks’ price objective points to a potential upside of 91.46% from the company’s current price. SunTrust Banks also issued estimates for Lonestar Resources US’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at ($0.18) EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at $0.22 EPS.

A number of other equities analysts have also commented on LONE. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $10.42.

Shares of LONE stock traded down $0.09 during trading hours on Friday, reaching $6.79. The stock had a trading volume of 61,657 shares, compared to its average volume of 136,454. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.60. Lonestar Resources US has a 12 month low of $3.30 and a 12 month high of $11.24. The firm has a market capitalization of $167.29 million, a P/E ratio of -16.17 and a beta of 0.32.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Lonestar Resources US had a negative net margin of 38.32% and a negative return on equity of 3.88%. The company had revenue of $58.74 million during the quarter, compared to analyst estimates of $50.95 million. Sell-side analysts predict that Lonestar Resources US will post -0.12 EPS for the current year.

A number of institutional investors have recently made changes to their positions in LONE. Bank of Montreal Can bought a new stake in Lonestar Resources US during the second quarter valued at approximately $234,000. Acadian Asset Management LLC bought a new stake in Lonestar Resources US during the second quarter valued at approximately $1,258,000. EAM Investors LLC bought a new stake in Lonestar Resources US during the second quarter valued at approximately $999,000. Bank of New York Mellon Corp bought a new stake in Lonestar Resources US during the second quarter valued at approximately $102,000. Finally, Monarch Partners Asset Management LLC bought a new stake in Lonestar Resources US during the second quarter valued at approximately $342,000. Institutional investors and hedge funds own 52.54% 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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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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