Lonestar Resources US Inc. (LONE) Receives Consensus Rating of “Buy” from Brokerages
Shares of Lonestar Resources US Inc. (NASDAQ:LONE) have been given a consensus rating of “Buy” by the six research firms that are covering the firm. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.67.
Several equities research analysts recently weighed in on the company. Wunderlich assumed coverage on Lonestar Resources US in a report on Wednesday. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research lowered Lonestar Resources US from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Cowen and Company assumed coverage on Lonestar Resources US in a report on Wednesday, August 10th. They issued an “outperform” rating and a $12.00 price objective for the company. Finally, Canaccord Genuity set a $13.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a report on Sunday, November 13th.
Lonestar Resources US (NASDAQ:LONE) traded up 7.4198% on Wednesday, hitting $8.9051. The stock had a trading volume of 20,485 shares. The stock’s market capitalization is $71.45 million. The company has a 50-day moving average price of $8.99 and a 200-day moving average price of $8.38. Lonestar Resources US has a 1-year low of $2.05 and a 1-year high of $16.00.
An institutional investor recently bought a new position in Lonestar Resources US stock. Commonwealth Bank of Australia bought a new stake in Lonestar Resources US Inc. (NASDAQ:LONE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,294 shares of the company’s stock, valued at approximately $248,000. Commonwealth Bank of Australia owned approximately 0.30% of Lonestar Resources US as of its most recent filing with the SEC.
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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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