Lonestar Resources US (NASDAQ:LONE) Lifted to Buy at 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 released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $2.50 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. “

A number of other brokerages also recently weighed in on LONE. TheStreet downgraded shares of YRC Worldwide from a c rating to a d+ rating in a research note on Wednesday, May 15th. Northland Securities set a $6.00 target price on shares of Lonestar Resources US and gave the company a buy rating in a research note on Monday. B. Riley set a $13.00 target price on shares of Audioeye and gave the company a buy rating in a research note on Monday, May 13th. Finally, ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $8.50.

LONE stock opened at $2.42 on Tuesday. The company has a 50 day moving average price of $2.54. The company has a market capitalization of $60.33 million, a price-to-earnings ratio of -34.57 and a beta of 2.03. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.42 and a quick ratio of 0.42. Lonestar Resources US has a 12 month low of $1.93 and a 12 month high of $11.24.

Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Monday, May 13th. The energy company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $40.74 million during the quarter, compared to analysts’ expectations of $42.10 million. Lonestar Resources US had a negative net margin of 9.68% and a positive return on equity of 1.78%. Analysts anticipate that Lonestar Resources US will post -0.33 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. purchased a new position in shares of Lonestar Resources US in the fourth quarter worth $39,000. Deprince Race & Zollo Inc. increased its stake in shares of Lonestar Resources US by 63.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock worth $99,000 after buying an additional 10,500 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Lonestar Resources US in the fourth quarter worth $130,000. Barclays PLC bought a new stake in Lonestar Resources US in the fourth quarter valued at $159,000. Finally, Raymond James & Associates boosted its holdings in Lonestar Resources US by 344.5% in the fourth quarter. Raymond James & Associates now owns 48,900 shares of the energy company’s stock valued at $178,000 after acquiring an additional 37,900 shares in the last quarter. 57.91% of the stock is currently owned by 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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