Cowen assumed coverage on shares of Lonestar Resources US (NASDAQ:LONE) in a research report sent to investors on Monday morning, The Fly reports. The brokerage issued an outperform rating on the energy company’s stock.

Several other research analysts have also recently weighed in on the company. SunTrust Banks reaffirmed a buy rating and set a $13.00 price objective on shares of Lonestar Resources US in a research report on Sunday, December 2nd. Zacks Investment Research raised Lonestar Resources US from a hold rating to a buy rating and set a $9.00 price objective for the company in a research report on Saturday, October 13th. Finally, ValuEngine raised Lonestar Resources US from a sell rating to a hold rating in a research report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $11.10.

NASDAQ:LONE opened at $5.29 on Monday. Lonestar Resources US has a 1 year low of $3.41 and a 1 year high of $11.24. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $129.34 million, a price-to-earnings ratio of -12.60 and a beta of 2.38.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Tuesday, November 6th. The energy company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Lonestar Resources US had a negative return on equity of 3.88% and a negative net margin of 38.32%. The firm had revenue of $58.74 million during the quarter, compared to analysts’ expectations of $50.95 million. As a group, equities research analysts anticipate that Lonestar Resources US will post -0.14 earnings per share for the current year.

In other news, Director Daniel R. Lockwood acquired 10,573 shares of Lonestar Resources US stock in a transaction dated Wednesday, January 16th. The stock was bought at an average cost of $4.60 per share, with a total value of $48,635.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 16,359 shares of company stock valued at $70,593 over the last ninety days. 2.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LONE. Deprince Race & Zollo Inc. boosted its position in Lonestar Resources US by 63.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock valued at $99,000 after purchasing an additional 10,500 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Lonestar Resources US during the second quarter valued at approximately $102,000. Raymond James & Associates acquired a new position in Lonestar Resources US during the second quarter valued at approximately $110,000. Man Group plc acquired a new position in Lonestar Resources US during the third quarter valued at approximately $114,000. Finally, Engineers Gate Manager LP acquired a new position in Lonestar Resources US during the third quarter valued at approximately $165,000. 52.03% of the stock is owned by hedge funds and other institutional investors.

Lonestar Resources US Company Profile

Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

See Also: Current Ratio

The Fly

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

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