Zacks Investment Research Lowers Lonestar Resources US (LONE) to Hold

Lonestar Resources US (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

Other analysts have also recently issued research reports about the company. Roth Capital set a $7.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research report on Thursday, December 21st. Seaport Global Securities raised Lonestar Resources US from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Northland Securities set a $7.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a research report on Monday, December 11th. ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Cowen reissued a “buy” rating and issued a $7.00 price objective on shares of Lonestar Resources US in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $7.68.

Shares of Lonestar Resources US (NASDAQ LONE) opened at $5.20 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $124.98, a price-to-earnings ratio of -0.62 and a beta of 1.86. Lonestar Resources US has a 52-week low of $2.43 and a 52-week high of $8.18.

A number of institutional investors and hedge funds have recently modified their holdings of LONE. Susquehanna International Group LLP acquired a new stake in Lonestar Resources US during the 2nd quarter worth about $242,000. Phoenix Investment Adviser LLC lifted its position in Lonestar Resources US by 51.2% during the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock worth $991,000 after acquiring an additional 95,599 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in 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 acquiring an additional 75,400 shares during the period. Vanguard Group Inc. lifted its position in 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 acquiring an additional 5,372 shares during the period. Finally, B. Riley Financial Inc. acquired a new stake in Lonestar Resources US during the 2nd quarter worth about $2,744,000. 47.74% of the stock is owned by institutional investors.

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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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