Lonestar Resources US (LONE) Upgraded to “Buy” at Seaport Global Securities

Seaport Global Securities upgraded shares of Lonestar Resources US (NASDAQ:LONE) from a neutral rating to a buy rating in a report issued on Friday, MarketBeat reports.

Other research analysts have also issued research reports about the stock. Roth Capital set a $7.00 price target on shares of Lonestar Resources US and gave the company a buy rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Lonestar Resources US from a sell rating to a buy rating and set a $4.00 price target on the stock in a research note on Friday, October 27th. Northland Securities set a $7.00 price target on shares of Lonestar Resources US and gave the company a buy rating in a research note on Monday, December 11th. ValuEngine upgraded shares of Lonestar Resources US from a strong sell rating to a sell rating in a research note on Wednesday, January 3rd. Finally, Cowen restated a buy rating and set a $7.00 price target on shares of Lonestar Resources US in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $7.68.

Shares of Lonestar Resources US (NASDAQ LONE) traded up $0.61 during trading on Friday, reaching $5.10. 498,879 shares of the company’s stock were exchanged, compared to its average volume of 238,400. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. Lonestar Resources US has a twelve month low of $2.43 and a twelve month high of $8.70. The firm has a market cap of $110.03, a price-to-earnings ratio of -0.61 and a beta of 1.86.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Lonestar Resources US by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after acquiring an additional 5,372 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Lonestar Resources US by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock valued at $3,390,000 after acquiring an additional 44,980 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Lonestar Resources US in the 2nd quarter valued at $242,000. Northpointe Capital LLC boosted its holdings in shares of Lonestar Resources US by 4.7% in the 3rd quarter. Northpointe Capital LLC now owns 1,507,613 shares of the energy company’s stock valued at $5,292,000 after acquiring an additional 68,140 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of 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 valued at $1,172,000 after acquiring an additional 75,400 shares during the last quarter. 47.74% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2018/01/08/lonestar-resources-us-lone-upgraded-to-buy-at-seaport-global-securities.html.

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)

What are top analysts saying about Lonestar Resources US? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lonestar Resources US and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit