Lonestar Resources US (NASDAQ:LONE) Given a $6.00 Price Target at Northland Securities

Northland Securities set a $6.00 target price on Lonestar Resources US (NASDAQ:LONE) in a research note published on Monday morning, TipRanks reports. The firm currently has a buy rating on the energy company’s stock.

Several other equities analysts have also issued reports on LONE. TheStreet lowered YRC Worldwide from a c rating to a d+ rating in a research report on Wednesday, May 15th. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered Garrett Motion from a hold rating to a sell rating in a research report on Wednesday, March 20th. Finally, B. Riley set a $13.00 target price on Audioeye and gave the stock a buy rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $8.50.

Shares of LONE stock opened at $2.42 on Monday. The stock has a 50-day moving average price of $2.54. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $60.96 million, a price-to-earnings ratio of -34.57 and a beta of 2.04. Lonestar Resources US has a 12 month low of $1.93 and a 12 month high of $11.24.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Monday, May 13th. The energy company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). The company had revenue of $40.74 million for the quarter, compared to analyst estimates of $42.10 million. Lonestar Resources US had a positive return on equity of 1.78% and a negative net margin of 9.68%. On average, analysts expect that Lonestar Resources US will post -0.41 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Lonestar Resources US during the first quarter worth about $178,000. Monarch Partners Asset Management LLC grew its stake in Lonestar Resources US by 97.3% during the first quarter. Monarch Partners Asset Management LLC now owns 125,421 shares of the energy company’s stock worth $503,000 after purchasing an additional 61,840 shares during the period. Wasatch Advisors Inc. grew its stake in Lonestar Resources US by 84.8% during the first quarter. Wasatch Advisors Inc. now owns 1,220,580 shares of the energy company’s stock worth $4,895,000 after purchasing an additional 560,044 shares during the period. Victory Capital Management Inc. grew its stake in Lonestar Resources US by 29.3% during the first quarter. Victory Capital Management Inc. now owns 458,726 shares of the energy company’s stock worth $1,839,000 after purchasing an additional 103,900 shares during the period. Finally, Deprince Race & Zollo Inc. grew its stake in Lonestar Resources US by 18.5% during the first quarter. Deprince Race & Zollo Inc. now owns 32,000 shares of the energy company’s stock worth $128,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 57.91% of the company’s stock.

Lonestar Resources US Company Profile

Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties that cover an area of 57,491 net acres in Texas counties.

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Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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