Lonestar Resources US Inc. (NASDAQ:LONE) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Lonestar Resources US Inc. (NASDAQ:LONE) from a sell rating to a hold rating in a report issued on Wednesday morning.

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. “

Several other analysts have also recently issued reports on the stock. Roth Capital lowered their price objective on shares of Lonestar Resources US from $15.00 to $9.00 and set a buy rating for the company in a research note on Thursday, July 20th. Cowen and Company set a $9.00 price target on shares of Lonestar Resources US and gave the stock a buy rating in a research report on Tuesday, July 18th. ValuEngine cut shares of Lonestar Resources US from a sell rating to a strong sell rating in a research report on Friday, July 7th. Seaport Global Securities cut shares of Lonestar Resources US from a buy rating to a neutral rating and set a $3.25 price target for the company. in a research report on Wednesday, June 21st. Finally, Wunderlich upped their price target on shares of Lonestar Resources US from $13.00 to $15.00 and gave the stock a buy rating in a research report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $8.49.

Lonestar Resources US (LONE) opened at 3.30 on Wednesday. The stock’s market capitalization is $72.02 million. The stock’s 50 day moving average price is $3.83 and its 200 day moving average price is $4.83. Lonestar Resources US has a 52-week low of $3.14 and a 52-week high of $13.12.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings data on Monday, May 15th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.09. Lonestar Resources US had a negative net margin of 139.50% and a negative return on equity of 38.49%. The company had revenue of $17.62 million for the quarter, compared to analysts’ expectations of $17.67 million. On average, analysts forecast that Lonestar Resources US will post ($0.32) EPS for the current year.

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Several large investors have recently modified their holdings of LONE. Phoenix Investment Adviser LLC raised 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 worth $509,000 after buying an additional 22,000 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in 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 period. Vanguard Group Inc. raised its stake in 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 period. B. Riley Financial Inc. acquired a new stake in Lonestar Resources US during the second quarter valued at $2,744,000. Finally, Dialectic Capital Management LP raised its stake in Lonestar Resources US by 17.5% in the first quarter. Dialectic Capital Management LP now owns 623,261 shares of the energy company’s stock valued at $3,154,000 after buying an additional 92,971 shares during the period. Institutional investors and hedge funds own 51.75% of the company’s stock.

Lonestar Resources US Company Profile

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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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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