|Bid||0.0000 x 900|
|Ask||0.0000 x 900|
|Day's Range||0.2400 - 0.2750|
|52 Week Range||0.0360 - 2.7500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.50|
Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data. U.S. lawmakers authorized the Paycheck Protection Program (PPP) in the spring to help businesses cope with loss of revenues as the coronavirus pandemic worsened. While numerous small businesses benefited, larger publicly traded companies also took loans, though many also restructured finances or drew on credit lines.
Moody's Investors Service, ("Moody's") downgraded Lonestar Resources America Inc.'s (Lonestar) Probability of Default Rating (PDR) to D-PD from Ca-PD. Lonestar Resources America Inc., a wholly-owned subsidiary of Lonestar Resources US Inc. (NASDAQ: LONE) headquartered in Fort Worth, Texas, is an independent exploration and production company with operations focused on the Eagle Ford Shale.
Lonestar Resources US Inc. (the "Company" or "Lonestar") (NASDAQ: LONE) today announced that it and certain of its direct and indirect wholly-owned domestic subsidiaries (collectively with the Company, the "Debtors") have entered into a Restructuring Support Agreement (the "Support Agreement") with its largest stakeholders that will eliminate approximately $390 million in aggregate debt obligations and preferred equity interests.