Lonestar Resources US (NASDAQ:LONE) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Wednesday.
Other equities research analysts also recently issued research reports about the company. Cowen reaffirmed a “buy” rating and set a $7.00 price objective on shares of Lonestar Resources US in a research report on Thursday, September 28th. Roth Capital set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Friday, October 27th. Finally, Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $7.68.
Shares of Lonestar Resources US (NASDAQ LONE) traded up $0.05 during mid-day trading on Wednesday, reaching $4.49. The company had a trading volume of 113,100 shares, compared to its average volume of 201,100. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $8.70. The company has a market capitalization of $109.91, a P/E ratio of -0.54 and a beta of 1.86. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57.
A number of institutional investors have recently added to or reduced their stakes in LONE. Susquehanna International Group LLP purchased a new stake in Lonestar Resources US in the second quarter valued at about $242,000. Phoenix Investment Adviser LLC raised its stake in Lonestar Resources US by 51.2% in the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after buying an additional 95,599 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Lonestar Resources US by 29.2% in 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 during the last quarter. 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 last quarter. Finally, B. Riley Financial Inc. purchased a new stake in Lonestar Resources US in the second quarter valued at about $2,744,000. Institutional investors own 47.74% of the company’s stock.
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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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