Lonestar Resources US Inc. (LONE) Lifted to Hold at Zacks Investment Research

Lonestar Resources US Inc. (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, August 9th.

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 analysts also recently issued reports on LONE. Wunderlich upped their price target on shares of Lonestar Resources US from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Roth Capital set a $15.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Seaport Global Securities downgraded shares of Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price target on the stock. in a research report on Wednesday, June 21st. ValuEngine downgraded shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. Finally, Cowen and Company set a $9.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Lonestar Resources US has an average rating of “Buy” and an average target price of $8.49.

Lonestar Resources US (LONE) traded down 1.97% during trading on Wednesday, reaching $2.98. 49,293 shares of the company’s stock traded hands. The company’s market capitalization is $65.04 million. The firm’s 50 day moving average is $3.69 and its 200-day moving average is $4.69. Lonestar Resources US has a 12 month low of $2.76 and a 12 month high of $13.12.

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A number of hedge funds have recently made changes to their positions in LONE. Northpointe Capital LLC boosted its stake in shares of Lonestar Resources US by 21.0% in the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock valued at $6,190,000 after buying an additional 249,479 shares in the last quarter. Dialectic Capital Management LP boosted its stake 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. Hotchkis & Wiley Capital Management LLC boosted its stake 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. Susquehanna International Group LLP purchased a new stake in shares of Lonestar Resources US during the second quarter valued at $242,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Lonestar Resources US during the second quarter valued at $2,744,000. 54.00% of the stock is owned by hedge funds and other institutional investors.

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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