Brokerages Set Lonestar Resources US Inc (LONE) PT at $11.50

Shares of Lonestar Resources US Inc (NASDAQ:LONE) have earned an average recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.50.

Several research firms have recently weighed in on LONE. Cowen reiterated a “buy” rating and set a $13.00 price objective on shares of Lonestar Resources US in a report on Friday, July 20th. SunTrust Banks began coverage on Lonestar Resources US in a report on Wednesday, July 18th. They set a “buy” rating and a $17.00 price objective on the stock. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 18th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th.

Shares of NASDAQ:LONE traded up $0.13 during trading on Friday, hitting $7.93. 67,339 shares of the company’s stock traded hands, compared to its average volume of 189,666. Lonestar Resources US has a 52 week low of $3.30 and a 52 week high of $11.24. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $186.01 million, a PE ratio of -18.88 and a beta of 0.32.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Lonestar Resources US had a negative return on equity of 5.39% and a negative net margin of 37.79%. The business had revenue of $58.74 million for the quarter, compared to analysts’ expectations of $50.95 million. On average, research analysts expect that Lonestar Resources US will post -0.13 earnings per share for the current year.

In related news, Director John H. Murray purchased 7,600 shares of the stock in a transaction on Monday, August 13th. The shares were purchased at an average price of $8.79 per share, with a total value of $66,804.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John H. Murray purchased 15,400 shares of the stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $8.49 per share, for a total transaction of $130,746.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the business. B. Riley Financial Inc. increased its position in shares of Lonestar Resources US by 11.9% during the 2nd quarter. B. Riley Financial Inc. now owns 1,172,622 shares of the energy company’s stock worth $9,897,000 after purchasing an additional 124,594 shares during the last quarter. Northpointe Capital LLC acquired a new position in shares of Lonestar Resources US during the 2nd quarter worth approximately $7,738,000. Renaissance Technologies LLC increased its position in shares of Lonestar Resources US by 459.4% during the 2nd quarter. Renaissance Technologies LLC now owns 787,100 shares of the energy company’s stock worth $6,643,000 after purchasing an additional 646,400 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lonestar Resources US by 136.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 402,285 shares of the energy company’s stock worth $3,395,000 after purchasing an additional 232,412 shares during the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Lonestar Resources US by 10.7% during the 3rd quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock worth $1,345,000 after purchasing an additional 16,700 shares during the last quarter. 45.79% of the stock is currently owned by hedge funds and other institutional investors.

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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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