Lonestar Resources US Inc. (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Friday, October 27th. The brokerage presently has a $4.00 target price on the energy company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 6.95% from the company’s previous close.
According to Zacks, “Lonestar Resources US Inc. is an oil and gas company. It is involved in exploration, production and acquisition of unconventional oil and gas reserves. Lonestar Resources US Inc. is headquartered in Fort Worth, United States. “
Other analysts also recently issued reports about the stock. Cowen and Company restated a “buy” rating and set a $7.00 target price on shares of Lonestar Resources US in a report on Thursday, September 28th. Roth Capital set a $9.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, ValuEngine downgraded shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $8.06.
Shares of Lonestar Resources US (NASDAQ LONE) traded down $0.05 during mid-day trading on Friday, reaching $3.74. 89,400 shares of the company’s stock traded hands, compared to its average volume of 72,134. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.68 and a current ratio of 0.68. Lonestar Resources US has a 52-week low of $2.43 and a 52-week high of $10.00.
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In other Lonestar Resources US news, Director Stephen H. Oglesby acquired 10,000 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $31,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 22,200 shares of company stock worth $66,836 over the last quarter. 2.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Financial Inc. acquired a new position in Lonestar Resources US during the second quarter worth $2,744,000. Northpointe Capital LLC increased its holdings in Lonestar Resources US by 21.0% during the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock worth $6,190,000 after buying an additional 249,479 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Lonestar Resources US by 25.0% during the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock worth $3,959,000 after buying an additional 183,904 shares during the last quarter. Phoenix Investment Adviser LLC increased its holdings in Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after buying an additional 95,599 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Lonestar Resources US during the second quarter worth $242,000. Institutional investors own 50.79% 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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