Current LNREF Stock Info

Lonestar Resources, (OTCQX: LNREF, ASX: LNR), an oil and gas company with assets in the Eagle Ford and Bakken shales, reported its Q4’14 earnings on February 2, 2015. The Fort Worth-based E&P reported several company records despite the challenges associated with one of the most difficult quarters many producers have seen in years.
Q4’14 Results
Lonestar averaged net volume of 5,816 BOEPD (87% liquids) in Q4’14, which represents respective increases of 25% and 54% compared to Q3’14 and Q4’13.  EBITDAX reached $27.3 million in Q4’14 along ...

Analyst Commentary

Global Hunter Securities (1.27.15)

Lonestar Resources (OTCQX: LNREF; $0.17; Speculative Buy; $0.24 PT)

Initiating coverage of LNREF with a Speculative Buy rating, $0.24 price target
Lonestar Resources (LNR) is an Eagle Ford-focused E&P company that was formed with private equity backing in 2010 and went public via reverse merger in 2013. LNR has built an attractive asset base of ~30K net acres in the Eagle Ford Shale and plans to add another 10K-20K net acres before exploring a potential sale of the company. Our price target risks LNR's deepest Eastern Eagle Ford acreage at 20% due to its relatively untested nature, and success across the position has the potential to increase our price target by more than 60%. With modest financial leverage, ample liquidity and a strategy of keeping drilling capex near cash flow, we believe LNR is well positioned to weather the current low oil price environment and pursue acquisitions at trough-level valuations. Due to the high-risk/high-reward nature of LNR's deepest Eastern Eagle Ford acreage and uncertainty inherent to potential acquisitions, we are initiating coverage with a Speculative Buy rating and a $0.24 price target, which has considerable upside upon successful delineation.  


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