Lonestar Resources US Inc. (LONE) Given Average Recommendation of “Buy” by Brokerages
Lonestar Resources US Inc. (NASDAQ:LONE) has been given an average rating of “Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.74.
LONE has been the topic of several research reports. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $3.50 target price on the stock in a research report on Tuesday, August 22nd. ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. Roth Capital cut their price target on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, July 20th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $7.00 price target on shares of Lonestar Resources US in a research report on Thursday, September 28th.
In related news, Director Stephen H. Oglesby purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of $3.10 per share, with a total value of $31,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $31,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 22,200 shares of company stock worth $66,836 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northpointe Capital LLC raised its position in shares of Lonestar Resources US by 4.7% during the 3rd quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after buying an additional 68,140 shares during the period. Victory Capital Management Inc. raised its position in shares of Lonestar Resources US by 25.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock valued at $3,959,000 after buying an additional 183,904 shares during the period. B. Riley Financial Inc. purchased a new stake in shares of Lonestar Resources US during the 2nd quarter valued at approximately $2,744,000. Vanguard Group Inc. raised its position in shares of Lonestar Resources US by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after buying an additional 5,372 shares during the period. Finally, Phoenix Investment Adviser LLC raised its position in shares of Lonestar Resources US by 85.8% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock valued at $803,000 after buying an additional 86,204 shares during the period. 53.19% of the stock is currently owned by institutional investors and hedge funds.
Lonestar Resources US (LONE) opened at 3.54 on Wednesday. The stock has a 50 day moving average price of $3.37 and a 200-day moving average price of $3.84. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $10.00. The stock’s market cap is $77.26 million.
Lonestar Resources US Company Profile
Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.
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