Lonestar Resources US (LONE) Stock Rating Upgraded by Zacks Investment Research

Lonestar Resources US (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $4.00 target price on the energy company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.50% from the stock’s current price.

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 issued reports on the company. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research note on Monday. Cowen reiterated a “buy” rating and set a $7.00 target price on shares of Lonestar Resources US in a research note on Thursday, September 28th. Finally, Roth Capital set a $9.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.93.

Shares of Lonestar Resources US (NASDAQ LONE) opened at $3.62 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88. Lonestar Resources US has a 52 week low of $2.43 and a 52 week high of $8.81.

Hedge funds have recently modified their holdings of the business. B. Riley Financial Inc. acquired a new stake in shares of Lonestar Resources US in the 2nd quarter valued at $2,744,000. Victory Capital Management Inc. boosted its holdings in shares of Lonestar Resources US by 25.0% in the 2nd quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock valued at $3,959,000 after purchasing an additional 183,904 shares in the last quarter. Phoenix Investment Adviser LLC boosted its holdings in shares of Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after purchasing an additional 95,599 shares in the last quarter. Northpointe Capital LLC boosted its holdings in shares of Lonestar Resources US by 4.7% in the 3rd quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after purchasing an additional 68,140 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Lonestar Resources US by 29.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after purchasing an additional 75,400 shares in the last quarter. 47.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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