Shares of Lonestar Resources Ltd (NASDAQ:LONE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $13.50 for the company and are predicting 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 90 out of 265 based on the ratings given to its competitors.
A number of research firms recently commented on LONE. Zacks Investment Research downgraded Lonestar Resources from a “hold” rating to a “sell” rating and set a $14.00 price target for the company. in a research note on Tuesday, September 13th. Cowen and Company began coverage on Lonestar Resources in a research note on Wednesday, August 10th. They issued an “outperform” rating and a $12.00 price target for the company. Seaport Global Securities reiterated a “buy” rating on shares of Lonestar Resources in a research note on Tuesday, July 26th. Finally, Roth Capital reiterated a “buy” rating on shares of Lonestar Resources in a research note on Monday, July 11th.
Shares of Lonestar Resources (NASDAQ:LONE) opened at 9.76 on Tuesday. Lonestar Resources has a 1-year low of $2.05 and a 1-year high of $16.00. The stock’s market capitalization is $78.29 million. The firm’s 50-day moving average price is $9.95 and its 200 day moving average price is $7.09.
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.