Lonestar Resources US (NASDAQ:LONE) Lifted to “Buy” at Zacks Investment Research

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Lonestar Resources US (NASDAQ:LONE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, Zacks.com reports. The firm currently has a $2.25 price objective on the energy company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.39% from the company’s current price.

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. “

LONE has been the subject of a number of other reports. Seaport Global Securities cut shares of Lonestar Resources US from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. SunTrust Banks cut shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Lonestar Resources US from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.42.

NASDAQ LONE opened at $2.02 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $51.13 million, a PE ratio of 1.67 and a beta of 1.95. The company has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $2.46. Lonestar Resources US has a 12-month low of $1.80 and a 12-month high of $5.75.

Lonestar Resources US (NASDAQ:LONE) last posted its earnings results on Monday, November 11th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.06. The firm had revenue of $53.15 million during the quarter, compared to analysts’ expectations of $52.30 million. Lonestar Resources US had a net margin of 23.59% and a return on equity of 1.93%. As a group, equities analysts anticipate that Lonestar Resources US will post -0.5 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Callahan Advisors LLC acquired a new stake in Lonestar Resources US in the fourth quarter valued at approximately $31,000. Intersect Capital LLC acquired a new stake in shares of Lonestar Resources US in the third quarter worth $100,000. Monarch Partners Asset Management LLC lifted its stake in shares of Lonestar Resources US by 38.7% in the third quarter. Monarch Partners Asset Management LLC now owns 192,951 shares of the energy company’s stock worth $525,000 after buying an additional 53,810 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Lonestar Resources US in the second quarter worth $27,000. Finally, Vanguard Group Inc. lifted its stake in shares of Lonestar Resources US by 3.9% in the second quarter. Vanguard Group Inc. now owns 905,508 shares of the energy company’s stock worth $2,074,000 after buying an additional 33,970 shares during the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

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 that cover an area of 57,491 net acres in Texas counties.

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