Lonestar Resources US Inc. (LONE) Target Price Issued at $11.00 by Canaccord Genuity

Lonestar Resources US Inc. (LONE) Target Price Issued at $11.00 by Canaccord Genuity

Lonestar Resources US Inc. (NASDAQ:LONE) has been assigned a $11.00 price objective by Canaccord Genuity in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 117.39% from the stock’s current price.

Several other research firms have also issued reports on LONE. Wunderlich assumed coverage on shares of Lonestar Resources US in a report on Wednesday, November 30th. They issued a “buy” rating and a $13.00 price target on the stock. Johnson Rice assumed coverage on shares of Lonestar Resources US in a report on Monday, January 23rd. They issued a “buy” rating and a $7.20 price target on the stock. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Monday, January 16th. Finally, Roth Capital set a $15.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a report on Saturday. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $10.28.

Shares of Lonestar Resources US (NASDAQ:LONE) traded down 7.91% during midday trading on Monday, reaching $4.66. The company’s stock had a trading volume of 58,974 shares. The firm’s market capitalization is $101.70 million. The stock has a 50-day moving average of $5.90 and a 200 day moving average of $7.95. Lonestar Resources US has a 12-month low of $4.48 and a 12-month high of $16.00.

In related news, Director John H. Pinkerton acquired 20,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were purchased at an average cost of $4.74 per share, with a total value of $94,800.00. Following the completion of the acquisition, the director now directly owns 120,000 shares of the company’s stock, valued at $568,800. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 12.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. JVL Advisors L.L.C. bought a new stake in shares of Lonestar Resources US during the fourth quarter worth $221,000. Gardner Lewis Asset Management L P bought a new stake in shares of Lonestar Resources US during the fourth quarter worth $1,708,000. Arbiter Partners Capital Management LLC bought a new stake in shares of Lonestar Resources US during the fourth quarter worth $109,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of 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 during the period. Finally, Amtrust Financial Services Inc. bought a new stake in shares of Lonestar Resources US during the fourth quarter worth $2,776,000. 11.45% of the stock is currently owned by hedge funds and other institutional investors.

Lonestar Resources US Company Profile

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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