The Lonestar Resources US Inc. (LONE) Receives Average Recommendation of “Buy” from Brokerages

The Lonestar Resources US Inc. (LONE) Receives Average Recommendation of “Buy” from Brokerages

Lonestar Resources US Inc. (NASDAQ:LONE) has been given a consensus rating of “Buy” by the seven brokerages that are covering the company. Seven analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.59.

Several equities analysts have recently commented on LONE shares. Canaccord Genuity set a $13.00 price objective on Lonestar Resources US and gave the company a “buy” rating in a research report on Sunday, November 13th. Zacks Investment Research downgraded Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Wunderlich started coverage on Lonestar Resources US in a research report on Wednesday, November 30th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Johnson Rice started coverage on Lonestar Resources US in a research report on Monday, January 23rd. They issued a “buy” rating and a $7.20 price objective on the stock.

In other news, Director Henry Ellis bought 7,600 shares of the firm’s stock in a transaction that occurred on Thursday, December 22nd. The shares were bought at an average cost of $5.75 per share, for a total transaction of $43,700.00. Following the completion of the transaction, the director now owns 7,600 shares of the company’s stock, valued at $43,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder National Corp Leucadia bought 3,478,261 shares of the firm’s stock in a transaction that occurred on Thursday, December 22nd. The stock was purchased at an average price of $5.75 per share, for a total transaction of $20,000,000.75. The disclosure for this purchase can be found here. 12.20% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of LONE. Commonwealth Bank of Australia purchased a new stake in Lonestar Resources US during the third quarter worth approximately $248,000. Hodges Capital Management Inc. purchased a new stake in Lonestar Resources US during the fourth quarter worth approximately $4,142,000. Cortina Asset Management LLC purchased a new stake in Lonestar Resources US during the fourth quarter worth approximately $6,604,000. Amtrust Financial Services Inc. purchased a new stake in Lonestar Resources US during the fourth quarter worth approximately $2,776,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Lonestar Resources US by 135.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 167,493 shares of the company’s stock worth $1,430,000 after buying an additional 96,300 shares in the last quarter. Institutional investors own 11.45% of the company’s stock.

Lonestar Resources US (NASDAQ:LONE) traded down 1.93% during trading on Monday, reaching $5.60. The company had a trading volume of 23,201 shares. The firm’s 50 day moving average is $6.64 and its 200 day moving average is $8.35. Lonestar Resources US has a one year low of $5.20 and a one year high of $16.00. The company’s market capitalization is $44.93 million.

About Lonestar Resources US

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.

Related posts

Leave a Comment