Lonestar Resources US Inc. (NASDAQ:LONE) COO Barry Schneider bought 7,200 shares of Lonestar Resources US stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $2.88 per share, for a total transaction of $20,736.00. Following the purchase, the chief operating officer now owns 53,700 shares of the company’s stock, valued at approximately $154,656. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Lonestar Resources US Inc. (NASDAQ LONE) traded up 1.01% during midday trading on Friday, hitting $3.00. 11,177 shares of the stock traded hands. The company’s 50 day moving average price is $3.55 and its 200-day moving average price is $4.58. Lonestar Resources US Inc. has a 12-month low of $2.43 and a 12-month high of $13.12. The stock’s market cap is $65.47 million.
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LONE has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Friday, June 2nd. Roth Capital set a $15.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Wednesday, May 31st. Wunderlich increased their target price on shares of Lonestar Resources US from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Cowen and Company set a $9.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Seaport Global Securities downgraded shares of Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 target price on the stock. in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $8.28.
Several large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in shares of Lonestar Resources US during the second quarter valued at approximately $242,000. Phoenix Investment Adviser LLC increased its stake in shares of Lonestar Resources US by 28.0% in the first quarter. Phoenix Investment Adviser LLC now owns 100,496 shares of the energy company’s stock valued at $509,000 after buying an additional 22,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Lonestar Resources US by 54.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 258,593 shares of the energy company’s stock valued at $1,308,000 after buying an additional 91,100 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after buying an additional 5,372 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in shares of Lonestar Resources US during the second quarter valued at approximately $2,744,000. Institutional investors and hedge funds own 54.00% of the company’s stock.
About Lonestar Resources US
Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.
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