Shares of Lonestar Resources Ltd (NASDAQ:LONE) have been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $13.50 for the company and are forecasting that the company will post ($0.22) earnings per share for the current quarter, according to Zacks. Zacks has also given Lonestar Resources an industry rank of 67 out of 265 based on the ratings given to related companies.
LONE has been the topic of a number of recent analyst reports. Seaport Global Securities reiterated a “buy” rating on shares of Lonestar Resources in a research report on Tuesday, July 26th. Zacks Investment Research downgraded Lonestar Resources from a “hold” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Tuesday, September 13th. Cowen and Company initiated coverage on Lonestar Resources in a research report on Wednesday, August 10th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Roth Capital reiterated a “buy” rating on shares of Lonestar Resources in a research report on Tuesday, July 12th.
Shares of Lonestar Resources (NASDAQ:LONE) traded down 1.68% on Tuesday, reaching $9.95. The company’s stock had a trading volume of 4,735 shares. The stock’s market cap is $79.82 million. Lonestar Resources has a 12-month low of $2.05 and a 12-month high of $16.00. The firm has a 50 day moving average price of $9.87 and a 200-day moving average price of $6.95.
About Lonestar Resources
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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