A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Lonestar Resources US from a hold rating to a buy rating and set a $4.75 price objective for the company in a research note on Saturday, March 9th. Northland Securities restated a buy rating and issued a $10.00 price objective on shares of Lonestar Resources US in a research note on Wednesday, February 27th. Cowen assumed coverage on Lonestar Resources US in a research note on Monday, February 4th. They issued an outperform rating for the company. ValuEngine upgraded Lonestar Resources US from a sell rating to a hold rating in a research note on Thursday, January 31st. Finally, SunTrust Banks restated a buy rating and issued a $13.00 price objective on shares of Lonestar Resources US in a research note on Sunday, December 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Lonestar Resources US presently has an average rating of Buy and a consensus price target of $10.21.
Shares of Lonestar Resources US stock opened at $4.30 on Tuesday. The firm has a market cap of $110.13 million, a P/E ratio of -61.43 and a beta of 2.28. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.60. Lonestar Resources US has a 12-month low of $3.41 and a 12-month high of $11.24.
In other news, Director Daniel R. Lockwood purchased 10,573 shares of the business’s stock in a transaction dated Wednesday, January 16th. The stock was bought at an average price of $4.60 per share, for a total transaction of $48,635.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 16,359 shares of company stock valued at $70,593 in the last quarter. 2.30% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. bought a new position in shares of Lonestar Resources US during the 4th quarter worth $39,000. Deprince Race & Zollo Inc. grew its stake in shares of Lonestar Resources US by 63.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock worth $99,000 after acquiring an additional 10,500 shares during the period. Man Group plc bought a new position in shares of Lonestar Resources US during the 3rd quarter worth $114,000. Squarepoint Ops LLC bought a new position in shares of Lonestar Resources US during the 4th quarter worth $130,000. Finally, Barclays PLC bought a new position in shares of Lonestar Resources US during the 4th quarter worth $159,000. Institutional investors own 58.79% of the company’s stock.
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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
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