Lonestar Resources US (LONE) Given a $7.00 Price Target at Roth Capital

Roth Capital set a $7.00 target price on Lonestar Resources US (NASDAQ:LONE) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the energy company’s stock.

Several other research analysts also recently commented on LONE. Zacks Investment Research upgraded shares of Lonestar Resources US from a hold rating to a strong-buy rating and set a $4.00 target price on the stock in a report on Wednesday, December 13th. Northland Securities set a $7.00 target price on shares of Lonestar Resources US and gave the stock a buy rating in a report on Monday, December 11th. Finally, Cowen reiterated a buy rating and issued a $7.00 target price on shares of Lonestar Resources US in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Lonestar Resources US has an average rating of Buy and an average target price of $7.68.

Shares of Lonestar Resources US (LONE) remained flat at $$3.40 on Thursday. The company’s stock had a trading volume of 129,700 shares, compared to its average volume of 71,026. 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.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new stake in Lonestar Resources US in the 2nd quarter worth $242,000. Phoenix Investment Adviser LLC grew its position in Lonestar Resources US by 51.2% in the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after purchasing an additional 95,599 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Lonestar Resources US by 29.2% in 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 last quarter. Vanguard Group Inc. grew its position in Lonestar Resources US by 1.6% in 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 last quarter. Finally, B. Riley Financial Inc. acquired a new stake in Lonestar Resources US in the 2nd quarter worth $2,744,000. Institutional investors own 47.74% of the company’s stock.

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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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