B. Riley initiated coverage on shares of Lonestar Resources US (NASDAQ:LONE) in a research note released on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $7.75 price target on the energy company’s stock.

Several other brokerages also recently issued reports on LONE. Cowen set a $8.00 price target on shares of Lonestar Resources US and gave the company a buy rating in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of Lonestar Resources US from a strong-buy rating to a hold rating in a report on Wednesday, January 10th. ValuEngine raised shares of Lonestar Resources US from a strong sell rating to a sell rating in a report on Wednesday, January 3rd. Seaport Global Securities raised shares of Lonestar Resources US from a neutral rating to a buy rating in a report on Friday, January 5th. Finally, Northland Securities set a $7.00 price target on shares of Lonestar Resources US and gave the company a buy rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $7.88.

Lonestar Resources US (NASDAQ LONE) opened at $3.93 on Monday. Lonestar Resources US has a 1-year low of $2.43 and a 1-year high of $7.06. The stock has a market cap of $83.36, a price-to-earnings ratio of -0.48 and a beta of 0.89. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.88.

Lonestar Resources US (NASDAQ:LONE) last announced its quarterly earnings results on Monday, November 13th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.11. Lonestar Resources US had a negative net margin of 112.78% and a negative return on equity of 33.12%. sell-side analysts expect that Lonestar Resources US will post -0.47 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CAPROCK Group Inc. bought a new stake in shares of Lonestar Resources US during the fourth quarter valued at about $298,000. B. Riley Financial Inc. raised its stake in shares of Lonestar Resources US by 40.0% during the third quarter. B. Riley Financial Inc. now owns 893,275 shares of the energy company’s stock valued at $3,135,000 after purchasing an additional 255,174 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after purchasing an additional 75,400 shares in the last quarter. Phoenix Investment Adviser LLC raised its stake in shares of Lonestar Resources US by 51.2% during the third quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after purchasing an additional 95,599 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Lonestar Resources US by 4.9% during the third quarter. Victory Capital Management Inc. now owns 965,689 shares of the energy company’s stock valued at $3,390,000 after purchasing an additional 44,980 shares in the last quarter. Institutional investors and hedge funds own 47.74% of the company’s stock.

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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.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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