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

Zacks Investment Research upgraded shares of Lonestar Resources US (NASDAQ:LONE) from a hold rating to a buy rating in a research report report published on Tuesday morning, Zacks.com reports. They currently have $1.75 price target on the energy company’s stock.

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 have also recently commented on LONE. ValuEngine raised Lonestar Resources US from a hold rating to a buy rating in a research note on Friday, January 3rd. SunTrust Banks cut Lonestar Resources US from a buy rating to a hold rating in a research note on Tuesday, November 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $5.25.

Shares of NASDAQ LONE opened at $1.44 on Tuesday. The stock has a market cap of $39.16 million, a price-to-earnings ratio of 1.19 and a beta of 2.02. The business has a 50 day simple moving average of $2.09 and a 200 day simple moving average of $2.38. Lonestar Resources US has a 52 week low of $1.42 and a 52 week high of $5.39. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.71 and a current ratio of 0.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Lonestar Resources US during the 1st quarter valued at about $178,000. BlackRock Inc. grew its stake in Lonestar Resources US by 113.2% during the 2nd quarter. BlackRock Inc. now owns 427,909 shares of the energy company’s stock valued at $979,000 after acquiring an additional 227,192 shares in the last quarter. Vanguard Group Inc. grew its stake in Lonestar Resources US by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 905,508 shares of the energy company’s stock valued at $2,074,000 after acquiring an additional 33,970 shares in the last quarter. Jane Street Group LLC purchased a new position in Lonestar Resources US during the 2nd quarter valued at about $27,000. Finally, Monarch Partners Asset Management LLC grew its stake in Lonestar Resources US by 38.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 192,951 shares of the energy company’s stock valued at $525,000 after acquiring an additional 53,810 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Lonestar Resources US Company Profile

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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