Lonestar Resources US Inc. (LONE) Rating Lowered to Hold at Zacks Investment Research

Lonestar Resources US Inc. (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

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 research firms also recently issued reports on LONE. ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. Roth Capital lowered their price target on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Seaport Global Securities downgraded Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price target for the company. in a research report on Wednesday, June 21st. Finally, Cowen and Company reissued a “buy” rating and set a $7.00 price target on shares of Lonestar Resources US in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $7.99.

Lonestar Resources US (NASDAQ LONE) opened at 3.88 on Wednesday. The company’s 50-day moving average price is $3.25 and its 200-day moving average price is $3.95. Lonestar Resources US has a one year low of $2.43 and a one year high of $10.51. The stock’s market capitalization is $84.68 million.

ILLEGAL ACTIVITY NOTICE: “Lonestar Resources US Inc. (LONE) Rating Lowered to Hold at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/11/lonestar-resources-us-inc-lone-rating-lowered-to-hold-at-zacks-investment-research.html.

In related news, Director Stephen H. Oglesby bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $3.10 per share, with a total value of $31,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $31,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 22,200 shares of company stock valued at $66,836 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in shares of Lonestar Resources US in the second quarter worth about $242,000. B. Riley Financial Inc. purchased a new stake in shares of Lonestar Resources US in the second quarter worth about $2,744,000. Vanguard Group Inc. boosted its position in shares of Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after buying an additional 5,372 shares during the period. Victory Capital Management Inc. boosted its position in shares of Lonestar Resources US by 25.0% in the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock worth $3,959,000 after buying an additional 183,904 shares during the period. Finally, Phoenix Investment Adviser LLC boosted its position in shares of Lonestar Resources US by 85.8% in the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock worth $803,000 after buying an additional 86,204 shares during the period. 53.19% of the stock is owned by institutional investors.

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.

Analyst Recommendati


<div style=

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 research firms also recently issued reports on LONE. ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. Roth Capital lowered their price target on Lonestar Resources US from $15.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Seaport Global Securities downgraded Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price target for the company. in a research report on Wednesday, June 21st. Finally, Cowen and Company reissued a “buy” rating and set a $7.00 price target on shares of Lonestar Resources US in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $7.99.

Lonestar Resources US (NASDAQ LONE) opened at 3.88 on Wednesday. The company’s 50-day moving average price is $3.25 and its 200-day moving average price is $3.95. Lonestar Resources US has a one year low of $2.43 and a one year high of $10.51. The stock’s market capitalization is $84.68 million.

ILLEGAL ACTIVITY NOTICE: “Lonestar Resources US Inc. (LONE) Rating Lowered to Hold at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/11/lonestar-resources-us-inc-lone-rating-lowered-to-hold-at-zacks-investment-research.html.

In related news, Director Stephen H. Oglesby bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $3.10 per share, with a total value of $31,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $31,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 22,200 shares of company stock valued at $66,836 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in shares of Lonestar Resources US in the second quarter worth about $242,000. B. Riley Financial Inc. purchased a new stake in shares of Lonestar Resources US in the second quarter worth about $2,744,000. Vanguard Group Inc. boosted its position in shares of Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after buying an additional 5,372 shares during the period. Victory Capital Management Inc. boosted its position in shares of Lonestar Resources US by 25.0% in the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock worth $3,959,000 after buying an additional 183,904 shares during the period. Finally, Phoenix Investment Adviser LLC boosted its position in shares of Lonestar Resources US by 85.8% in the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock worth $803,000 after buying an additional 86,204 shares during the period. 53.19% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

Receive News & Ratings for Lonestar Resources US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.