Lonestar Resources US Inc. (LONE) Receives Average Rating of “Buy” from Analysts

Shares of Lonestar Resources US Inc. (NASDAQ:LONE) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.74.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Roth Capital set a $9.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Cowen and Company reissued a “buy” rating and issued a $7.00 price target on shares of Lonestar Resources US in a report on Thursday, September 28th.

In other news, Director Stephen H. Oglesby acquired 10,000 shares of Lonestar Resources US stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $3.10 per share, with a total value of $31,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $31,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 22,200 shares of company stock valued at $66,836 over the last ninety days. Insiders own 2.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Northpointe Capital LLC lifted its stake in Lonestar Resources US by 4.7% during the third quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after buying an additional 68,140 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Lonestar Resources US by 4.9% during the third quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock valued at $3,390,000 after buying an additional 44,980 shares in the last quarter. B. Riley Financial Inc. lifted its stake in Lonestar Resources US by 40.0% during the third quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock valued at $3,135,000 after buying an additional 255,174 shares in the last quarter. Vanguard Group Inc. lifted its stake in Lonestar Resources US by 1.6% during 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 in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after buying an additional 75,400 shares in the last quarter. 49.88% of the stock is owned by institutional investors.

Shares of Lonestar Resources US (LONE) opened at $3.76 on Friday. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $10.00. The company has a quick ratio of 0.68, a current ratio of 0.57 and a debt-to-equity ratio of 1.88.

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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.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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