Lonestar Resources US (NASDAQ:LONE) Issues Earnings Results, Beats Estimates By $0.06 EPS
Lonestar Resources US (NASDAQ:LONE) announced its earnings results on Monday. The energy company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06, Fidelity Earnings reports. The business 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 5.82% and a return on equity of 3.41%.
LONE traded down $0.16 during mid-day trading on Tuesday, reaching $2.71. 4,303 shares of the company traded hands, compared to its average volume of 60,123. The stock has a market capitalization of $69.68 million, a P/E ratio of -41.00 and a beta of 1.94. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 2.57. The company’s fifty day moving average price is $2.58 and its 200-day moving average price is $2.74. Lonestar Resources US has a 52-week low of $1.93 and a 52-week high of $7.70.
A number of brokerages have weighed in on LONE. Zacks Investment Research upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Tuesday, October 29th. ValuEngine upgraded shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Seaport Global Securities lowered shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $7.44.
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.
Recommended Story: Book Value Per Share – BVPS
Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.