Lonestar Resources US (NASDAQ:LONE) has been given a $8.00 price target by research analysts at Roth Capital in a research report issued on Monday. The firm currently has a “buy” rating on the energy company’s stock. Roth Capital’s target price points to a potential upside of 59.36% from the company’s current price.
Other equities research analysts have also issued reports about the company. Seaport Global Securities raised Lonestar Resources US from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. B. Riley started coverage on Lonestar Resources US in a research report on Monday, February 5th. They set a “buy” rating and a $7.75 price target on the stock. Cowen set a $8.00 price target on Lonestar Resources US and gave the company a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a research report on Saturday, April 7th. Finally, ValuEngine raised Lonestar Resources US from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.57.
LONE stock opened at $5.02 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.40. The company has a market cap of $120.95, a P/E ratio of -11.95 and a beta of -0.11. Lonestar Resources US has a 12-month low of $2.43 and a 12-month high of $5.50.
In related news, insider Barry Schneider bought 15,000 shares of the company’s stock in a transaction on Thursday, April 12th. The shares were purchased at an average cost of $4.60 per share, with a total value of $69,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. CAPROCK Group Inc. acquired a new stake in Lonestar Resources US in the fourth quarter worth $298,000. Deutsche Bank AG grew its stake in shares of Lonestar Resources US by 106.8% in the fourth quarter. Deutsche Bank AG now owns 97,600 shares of the energy company’s stock worth $387,000 after purchasing an additional 50,404 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Lonestar Resources US by 113.6% in the fourth quarter. Renaissance Technologies LLC now owns 107,500 shares of the energy company’s stock worth $427,000 after purchasing an additional 57,171 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after purchasing an additional 5,372 shares in the last quarter. Finally, Gardner Lewis Asset Management L P grew its stake in shares of Lonestar Resources US by 58.9% in the fourth quarter. Gardner Lewis Asset Management L P now owns 368,855 shares of the energy company’s stock worth $1,464,000 after purchasing an additional 136,755 shares in the last quarter. 45.82% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3386534/roth-capital-analysts-give-lonestar-resources-us-lone-a-8-00-price-target.html.
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 in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.
Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with MarketBeat.com's FREE daily email newsletter.