Northland Securities set a $6.00 price objective on Lonestar Resources US (NASDAQ:LONE) in a research note published on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the energy company’s stock.
Other analysts also recently issued research reports about the stock. B. Riley set a $8.00 target price on shares of Lonestar Resources US and gave the stock a buy rating in a research report on Monday, May 13th. ValuEngine downgraded shares of Lonestar Resources US from a hold rating to a sell rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Lonestar Resources US from a hold rating to a buy rating and set a $4.75 target price for the company in a research report on Saturday, March 9th. Finally, TheStreet raised shares of Lonestar Resources US from a d rating to a c rating in a research report on Tuesday, March 12th. One equities research 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. The stock currently has a consensus rating of Buy and an average price target of $8.95.
Shares of LONE stock opened at $2.51 on Monday. The stock has a market cap of $61.58 million, a price-to-earnings ratio of -35.86 and a beta of 2.44. Lonestar Resources US has a 1-year low of $1.93 and a 1-year high of $11.24. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50-day moving average is $2.91.
In other Lonestar Resources US news, CEO Frank D. Bracken III bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average price of $4.42 per share, with a total value of $44,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have purchased 24,200 shares of company stock valued at $85,430. Corporate insiders own 2.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. acquired a new stake in Lonestar Resources US in the fourth quarter valued at approximately $39,000. Deprince Race & Zollo Inc. lifted its position in shares of Lonestar Resources US by 63.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock worth $99,000 after purchasing an additional 10,500 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Lonestar Resources US during the fourth quarter worth $130,000. Barclays PLC acquired a new position in shares of Lonestar Resources US during the fourth quarter worth $159,000. Finally, Raymond James & Associates lifted its position in shares of Lonestar Resources US by 344.5% during the fourth quarter. Raymond James & Associates now owns 48,900 shares of the energy company’s stock worth $178,000 after purchasing an additional 37,900 shares in the last quarter. 57.91% of the stock is owned by hedge funds and other institutional investors.
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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