Zacks Investment Research Downgrades Lonestar Resources US (LONE) to Sell

Lonestar Resources US (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Several other equities research analysts also recently issued reports on LONE. Northland Securities set a $7.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a report on Monday, December 11th. Roth Capital set a $7.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a report on Thursday, December 21st. ValuEngine upgraded Lonestar Resources US from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd. Seaport Global Securities upgraded Lonestar Resources US from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Finally, Cowen set a $8.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $7.88.

Shares of Lonestar Resources US (NASDAQ:LONE) opened at $3.82 on Wednesday. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $6.64. The stock has a market capitalization of $84.67, a price-to-earnings ratio of -0.46 and a beta of 0.89. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.88.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Lonestar Resources US by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after purchasing an additional 5,372 shares during the period. Victory Capital Management Inc. grew its stake in Lonestar Resources US by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock valued at $3,390,000 after purchasing an additional 44,980 shares during the period. Deutsche Bank AG grew its stake in Lonestar Resources US by 106.8% in the 4th quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock valued at $387,000 after purchasing an additional 50,404 shares during the period. Renaissance Technologies LLC grew its stake in Lonestar Resources US by 113.6% in the 4th quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock valued at $427,000 after purchasing an additional 57,171 shares during the period. Finally, CAPROCK Group Inc. bought a new position in Lonestar Resources US in the 4th quarter valued at $298,000. Hedge funds and other institutional investors own 48.98% of the company’s stock.

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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.

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