Lonestar Resources US Inc (NASDAQ:LONE) – Stock analysts at SunTrust Banks reduced their Q1 2019 earnings estimates for Lonestar Resources US in a research note issued on Monday, April 29th, Zacks Investment Research reports. SunTrust Banks analyst N. Dingmann now expects that the energy company will post earnings per share of ($0.10) for the quarter, down from their previous estimate of ($0.03). SunTrust Banks also issued estimates for Lonestar Resources US’s Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.05) EPS, Q4 2019 earnings at $0.03 EPS, FY2019 earnings at ($0.20) EPS and FY2021 earnings at $0.56 EPS.
Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Thursday, March 7th. The energy company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.13. Lonestar Resources US had a positive return on equity of 1.78% and a negative net margin of 9.68%. The firm had revenue of $57.89 million during the quarter, compared to analysts’ expectations of $53.36 million.
Shares of LONE remained flat at $$3.64 during trading hours on Thursday. The company had a trading volume of 99,565 shares, compared to its average volume of 151,593. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.42 and a quick ratio of 0.72. Lonestar Resources US has a 52-week low of $3.00 and a 52-week high of $11.24. The stock has a market capitalization of $90.16 million, a PE ratio of -52.00 and a beta of 2.19.
In related news, CEO Frank D. Bracken III bought 10,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was bought at an average cost of $4.42 per share, for a total transaction of $44,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel R. Lockwood bought 11,650 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $4.27 per share, with a total value of $49,745.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 24,650 shares of company stock valued at $104,476. 2.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Lonestar Resources US in the 1st quarter valued at $178,000. Dimensional Fund Advisors LP lifted its stake in shares of Lonestar Resources US by 17.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,109 shares of the energy company’s stock valued at $4,171,000 after purchasing an additional 156,909 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Lonestar Resources US by 77.7% in the 1st quarter. BlackRock Inc. now owns 200,717 shares of the energy company’s stock valued at $805,000 after purchasing an additional 87,794 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in shares of Lonestar Resources US by 97.3% in the 1st quarter. Monarch Partners Asset Management LLC now owns 125,421 shares of the energy company’s stock valued at $503,000 after purchasing an additional 61,840 shares during the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Lonestar Resources US in the 1st quarter valued at $64,000. Institutional investors own 57.49% 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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