Lonestar Resources US Inc. (LONE) Stock Rating Lowered by Zacks Investment Research

Lonestar Resources US Inc. (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 research analysts also recently issued reports about the company. Roth Capital lowered their target price on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Seaport Global Securities downgraded Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 target price for the company. in a research report on Wednesday, June 21st. ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. Finally, Cowen and Company set a $9.00 target price on Lonestar Resources US and gave the company a “buy” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.99.

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In other news, Director Stephen H. Oglesby bought 10,000 shares of the stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $31,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 22,200 shares of company stock valued at $66,836 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LONE. B. Riley Financial Inc. bought a new stake in Lonestar Resources US in the second quarter worth $2,744,000. Northpointe Capital LLC lifted its position in Lonestar Resources US by 21.0% in the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock worth $6,190,000 after buying an additional 249,479 shares during the last quarter. Victory Capital Management Inc. lifted its position in Lonestar Resources US by 25.0% in the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock worth $3,959,000 after buying an additional 183,904 shares during the last quarter. Phoenix Investment Adviser LLC lifted its position in Lonestar Resources US by 85.8% in the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock worth $803,000 after buying an additional 86,204 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Lonestar Resources US in the second quarter worth $242,000. Institutional investors own 53.19% of the company’s stock.

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)

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