Lonestar Resources US (NASDAQ:LONE) Downgraded by Zacks Investment Research to Hold

Lonestar Resources US (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Lonestar Resources US Inc. is an oil and gas company. It is involved in exploration, production and acquisition of unconventional oil and gas reserves. Lonestar Resources US Inc. is headquartered in Fort Worth, United States. “

Several other equities research analysts have also issued reports on LONE. Seaport Global Securities lowered shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. ValuEngine upgraded shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, SunTrust Banks lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Tuesday. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.44.

Lonestar Resources US stock opened at $2.39 on Friday. The firm has a 50-day moving average price of $2.55 and a 200-day moving average price of $2.72. The firm has a market capitalization of $71.55 million, a PE ratio of -34.14 and a beta of 1.94. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 2.57. Lonestar Resources US has a 12-month low of $1.93 and a 12-month high of $7.70.

Lonestar Resources US (NASDAQ:LONE) last released its earnings results on Monday, November 11th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The firm had revenue of $53.15 million during the quarter, compared to analyst estimates of $52.30 million. Lonestar Resources US had a net margin of 23.59% and a return on equity of 1.95%. As a group, sell-side analysts predict that Lonestar Resources US will post -0.44 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Lonestar Resources US during the 2nd quarter valued at about $27,000. GSA Capital Partners LLP lifted its holdings in Lonestar Resources US by 27.8% during the 2nd quarter. GSA Capital Partners LLP now owns 36,369 shares of the energy company’s stock valued at $83,000 after buying an additional 7,915 shares in the last quarter. Intersect Capital LLC bought a new stake in Lonestar Resources US during the 3rd quarter valued at about $100,000. Marshall Wace LLP bought a new stake in Lonestar Resources US during the 1st quarter valued at about $178,000. Finally, Raffles Associates LP lifted its holdings in Lonestar Resources US by 129.0% during the 2nd quarter. Raffles Associates LP now owns 114,476 shares of the energy company’s stock valued at $262,000 after buying an additional 64,476 shares in the last quarter. Institutional investors own 55.73% 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 that cover an area of 57,491 net acres in Texas counties.

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