Northland Securities reiterated their buy rating on shares of Lonestar Resources US (NASDAQ:LONE) in a research report released on Tuesday, AnalystRatings.com reports. Northland Securities currently has a $6.00 target price on the energy company’s stock.
Several other equities analysts also recently weighed in on the company. Cowen started coverage on Lonestar Resources US in a research report on Monday, February 4th. They set an outperform rating for the company. ValuEngine downgraded Lonestar Resources US from a hold rating to a sell rating in a research report on Wednesday, May 1st. TheStreet raised Lonestar Resources US from a d rating to a c rating in a research report on Tuesday, March 12th. Finally, Zacks Investment Research raised Lonestar Resources US from a hold rating to a buy rating and set a $4.75 price target for the company in a research report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Lonestar Resources US currently has an average rating of Buy and an average price target of $8.95.
Lonestar Resources US stock opened at $3.46 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.42 and a debt-to-equity ratio of 2.72. The firm has a market cap of $85.71 million, a price-to-earnings ratio of -49.43 and a beta of 2.19. Lonestar Resources US has a fifty-two week low of $3.00 and a fifty-two week high of $11.24.
In other Lonestar Resources US news, CEO Frank D. Bracken III acquired 10,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was acquired at an average price of $4.42 per share, with a total value of $44,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel R. Lockwood acquired 11,650 shares of the stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $4.27 per share, with a total value of $49,745.50. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in LONE. B. Riley Financial Inc. grew its position in shares of Lonestar Resources US by 80.3% in the fourth quarter. B. Riley Financial Inc. now owns 2,430,251 shares of the energy company’s stock valued at $8,870,000 after purchasing an additional 1,082,522 shares during the period. Wasatch Advisors Inc. grew its position in shares of Lonestar Resources US by 84.8% in the first quarter. Wasatch Advisors Inc. now owns 1,220,580 shares of the energy company’s stock valued at $4,895,000 after purchasing an additional 560,044 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Lonestar Resources US by 62.4% in the third quarter. Dimensional Fund Advisors LP now owns 653,283 shares of the energy company’s stock valued at $5,089,000 after purchasing an additional 250,998 shares during the period. Prudential PLC purchased a new stake in shares of Lonestar Resources US in the fourth quarter valued at $632,000. Finally, Requisite Energy Fund I LP purchased a new stake in shares of Lonestar Resources US in the fourth quarter valued at $514,000. 57.49% of the stock is owned by institutional investors and hedge funds.
About Lonestar Resources US
Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties that cover an area of 57,491 net acres in Texas counties.
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