Lonestar Resources US Inc. (LONE) Receives $8.74 Average Target Price from Analysts

Lonestar Resources US Inc. (NASDAQ:LONE) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $8.74.

A number of research firms have issued reports on LONE. Zacks Investment Research upgraded Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Roth Capital set a $9.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Cowen and Company reiterated a “buy” rating and set a $7.00 target price on shares of Lonestar Resources US in a report on Thursday, September 28th.

Lonestar Resources US (NASDAQ LONE) remained flat at $$3.72 during mid-day trading on Friday. The stock had a trading volume of 100,091 shares, compared to its average volume of 71,711. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.57 and a current ratio of 0.57. Lonestar Resources US has a 12-month low of $2.43 and a 12-month high of $9.80.

In other Lonestar Resources US news, Director Stephen H. Oglesby acquired 10,000 shares of Lonestar Resources US stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $31,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 buying an additional 5,372 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 buying an additional 44,980 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Lonestar Resources US during the 2nd quarter worth about $242,000. Northpointe Capital LLC boosted its stake 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 buying an additional 68,140 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake 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 buying an additional 75,400 shares during the last quarter. Institutional investors own 47.27% of the company’s stock.

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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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