Lonestar Resources US (LONE) Rating Lowered to Hold at Zacks Investment Research

Lonestar Resources US (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

LONE has been the subject of a number of other reports. Cowen reissued a “buy” rating and set a $7.00 price objective on shares of Lonestar Resources US in a report on Thursday, September 28th. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a report on Monday, December 11th. Seaport Global Securities raised Lonestar Resources US from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Finally, Roth Capital set a $7.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $7.81.

Lonestar Resources US (NASDAQ:LONE) traded down $0.28 on Wednesday, reaching $4.97. 264,623 shares of the company’s stock were exchanged, compared to its average volume of 144,234. Lonestar Resources US has a 1 year low of $2.43 and a 1 year high of $7.51. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $121.80, a P/E ratio of -0.60 and a beta of 1.86.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in shares of Lonestar Resources US in the second quarter valued at about $242,000. Phoenix Investment Adviser LLC raised its holdings in shares of 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 holdings in shares of 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 holdings in shares of 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. bought a new position in shares of Lonestar Resources US in the second quarter valued at about $2,744,000. 47.74% of the stock is owned by 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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