Lonestar Resources US Inc (NASDAQ:LONE) – Research analysts at B. Riley raised their Q2 2019 earnings per share estimates for Lonestar Resources US in a note issued to investors on Wednesday, November 7th. B. Riley analyst R. Rashid now expects that the energy company will earn $0.12 per share for the quarter, up from their previous estimate of $0.10. B. Riley also issued estimates for Lonestar Resources US’s Q4 2019 earnings at $0.16 EPS, FY2019 earnings at $0.51 EPS, Q2 2020 earnings at $0.29 EPS and FY2020 earnings at $1.22 EPS.
Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The firm had revenue of $58.74 million during the quarter, compared to analysts’ expectations of $50.95 million. Lonestar Resources US had a negative net margin of 38.32% and a negative return on equity of 3.67%.
Shares of NASDAQ:LONE opened at $7.27 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a fifty-two week low of $3.30 and a fifty-two week high of $11.24.
Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Lonestar Resources US during the second quarter valued at $102,000. Raymond James & Associates bought a new position in Lonestar Resources US during the second quarter valued at $110,000. Deprince Race & Zollo Inc. bought a new position in Lonestar Resources US during the third quarter valued at $129,000. Engineers Gate Manager LP bought a new position in Lonestar Resources US during the third quarter valued at $165,000. Finally, Citadel Advisors LLC bought a new position in Lonestar Resources US during the second quarter valued at $189,000. Institutional investors and hedge funds own 45.79% of the company’s stock.
In related news, Director John H. Murray bought 7,600 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average price of $8.79 per share, for a total transaction of $66,804.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.
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. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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