Zacks Investment Research upgraded shares of Lonestar Resources US Inc. (NASDAQ:LONE) from a hold rating to a buy rating in a report released on Monday morning. They currently have $7.75 price objective on the stock.
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. “
A number of other brokerages have also commented on LONE. Canaccord Genuity set a $13.00 price objective on shares of Lonestar Resources US and gave the company a buy rating in a research report on Thursday, January 12th. Wunderlich started coverage on shares of Lonestar Resources US in a research report on Wednesday, November 30th. They set a buy rating and a $13.00 price objective for the company. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $10.35.
Lonestar Resources US (NASDAQ:LONE) opened at 7.20 on Monday. The stock’s 50 day moving average price is $7.49 and its 200 day moving average price is $9.18. Lonestar Resources US has a 12 month low of $2.05 and a 12 month high of $16.00. The firm’s market capitalization is $57.77 million.
In other Lonestar Resources US news, Director Henry Ellis purchased 7,600 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was purchased at an average price of $5.75 per share, with a total value of $43,700.00. Following the completion of the transaction, the director now directly owns 7,600 shares of the company’s stock, valued at approximately $43,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder National Corp Leucadia purchased 3,478,261 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was acquired at an average cost of $5.75 per share, with a total value of $20,000,000.75. The disclosure for this purchase can be found here. Corporate insiders own 12.20% of the company’s stock.
A hedge fund recently bought a new stake in Lonestar Resources US stock. Commonwealth Bank of Australia acquired a new stake in Lonestar Resources US Inc. (NASDAQ:LONE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,294 shares of the company’s stock, valued at approximately $248,000. Commonwealth Bank of Australia owned 0.30% of Lonestar Resources US as of its most recent SEC filing. Institutional investors and hedge funds own 11.42% of the company’s stock.
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.
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