Lonestar Resources US (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $4.00 price objective on the energy company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 21.21% from the stock’s previous close.

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. “

Several other research firms have also recently issued reports on LONE. Roth Capital set a $9.00 price objective on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Cowen restated a “buy” rating and set a $7.00 price objective on shares of Lonestar Resources US in a research report on Thursday, September 28th. Finally, Northland Securities set a $7.00 price objective on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Lonestar Resources US currently has a consensus rating of “Buy” and an average target price of $7.93.

Lonestar Resources US (LONE) traded down $0.07 during trading on Wednesday, reaching $3.30. 65,942 shares of the company traded hands, compared to its average volume of 57,205. Lonestar Resources US has a 52-week low of $2.43 and a 52-week high of $8.81. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88.

A number of large investors have recently modified their holdings of LONE. Northpointe Capital LLC boosted 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 worth $5,292,000 after purchasing an additional 68,140 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Lonestar Resources US by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock worth $3,390,000 after purchasing an additional 44,980 shares during the period. B. Riley Financial Inc. grew its holdings in shares of Lonestar Resources US by 40.0% during the 3rd quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock worth $3,135,000 after purchasing an additional 255,174 shares during the period. Vanguard Group Inc. grew its holdings 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 worth $1,500,000 after purchasing an additional 5,372 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Lonestar Resources US by 29.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after purchasing an additional 75,400 shares during the period. 47.74% of the stock is currently owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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