Lonestar Resources US Inc (NASDAQ:LONE) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.00.
Several equities research analysts have recently weighed in on LONE shares. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Seaport Global Securities cut shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Finally, SunTrust Banks downgraded shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call.
LONE stock traded up $0.30 during trading on Monday, hitting $2.35. The company had a trading volume of 123,368 shares, compared to its average volume of 116,672. The company has a fifty day moving average price of $2.25 and a two-hundred day moving average price of $2.49. Lonestar Resources US has a fifty-two week low of $1.80 and a fifty-two week high of $6.25. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.71 and a quick ratio of 0.71.
Institutional investors and hedge funds have recently made changes to their positions in the company. Monarch Partners Asset Management LLC increased its holdings in Lonestar Resources US by 38.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 192,951 shares of the energy company’s stock valued at $525,000 after purchasing an additional 53,810 shares in the last quarter. Jane Street Group LLC bought a new position in Lonestar Resources US in the 2nd quarter valued at $27,000. BlackRock Inc. boosted its stake in Lonestar Resources US by 113.2% in the second quarter. BlackRock Inc. now owns 427,909 shares of the energy company’s stock worth $979,000 after purchasing an additional 227,192 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Lonestar Resources US by 27.8% in the second quarter. GSA Capital Partners LLP now owns 36,369 shares of the energy company’s stock worth $83,000 after purchasing an additional 7,915 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of Lonestar Resources US by 57.1% during the second quarter. Wasatch Advisors Inc. now owns 1,917,297 shares of the energy company’s stock worth $4,391,000 after purchasing an additional 696,717 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors and hedge funds.
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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