Lonestar Resources US (LONE) Upgraded to “Buy” by Seaport Global Securities
Lonestar Resources US (NASDAQ:LONE) was upgraded by equities research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.
A number of other equities analysts have also commented on LONE. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Roth Capital set a $7.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research note on Thursday, December 21st. Cowen reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Lonestar Resources US in a research note on Thursday, September 28th. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Zacks Investment Research upgraded Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lonestar Resources US has an average rating of “Buy” and a consensus price target of $7.68.
Shares of Lonestar Resources US (LONE) opened at $4.49 on Friday. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $8.70. The company has a market capitalization of $96.89, a PE ratio of -0.54 and a beta of 0.61. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57.
About Lonestar Resources US
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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