Lonestar Resources US Inc. (NASDAQ:LONE) Receives Average Rating of “Buy” from Analysts

Shares of Lonestar Resources US Inc. (NASDAQ:LONE) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.08.

A number of brokerages have commented on LONE. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Capital lowered their price target on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Wunderlich lifted their price target on Lonestar Resources US from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Cowen and Company set a $9.00 price target on Lonestar Resources US and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Seaport Global Securities cut Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price objective for the company. in a report on Wednesday, June 21st.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Lonestar Resources US by 1.6% in the second 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 in the last quarter. Phoenix Investment Adviser LLC raised its position in shares of Lonestar Resources US by 28.0% in the first quarter. Phoenix Investment Adviser LLC now owns 100,496 shares of the energy company’s stock valued at $509,000 after buying an additional 22,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Lonestar Resources US by 54.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 258,593 shares of the energy company’s stock valued at $1,308,000 after buying an additional 91,100 shares in the last quarter. Dialectic Capital Management LP raised its position in shares of Lonestar Resources US by 17.5% in the first quarter. Dialectic Capital Management LP now owns 623,261 shares of the energy company’s stock valued at $3,154,000 after buying an additional 92,971 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Lonestar Resources US by 25.0% in the second 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 in the last quarter. 51.75% of the stock is owned by institutional investors and hedge funds.

Shares of Lonestar Resources US (NASDAQ LONE) traded up 0.92% on Monday, hitting $3.30. The stock had a trading volume of 28,759 shares. Lonestar Resources US has a 12 month low of $3.14 and a 12 month high of $13.12. The company’s market cap is $72.02 million. The company’s 50 day moving average price is $3.84 and its 200-day moving average price is $4.86.

Lonestar Resources US (NASDAQ:LONE) last issued its quarterly earnings results on Monday, May 15th. The energy company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.09. Lonestar Resources US had a negative return on equity of 38.49% and a negative net margin of 139.50%. The firm had revenue of $17.62 million for the quarter, compared to analyst estimates of $17.67 million. On average, analysts expect that Lonestar Resources US will post ($0.32) earnings per share for the current year.

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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.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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