Cowen initiated coverage on shares of Lonestar Resources US (NASDAQ:LONE) in a research report released on Monday, February 4th, The Fly reports. The brokerage issued an outperform rating on the energy company’s stock.
A number of other research firms also recently issued reports on LONE. Zacks Investment Research raised shares of Lonestar Resources US from a hold rating to a buy rating and set a $9.00 price objective on the stock in a report on Saturday, October 13th. SunTrust Banks reaffirmed a buy rating and set a $13.00 price objective on shares of Lonestar Resources US in a report on Sunday, December 2nd. Finally, ValuEngine raised shares of Lonestar Resources US from a sell rating to a hold rating in a report on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Lonestar Resources US has an average rating of Buy and an average target price of $10.92.
LONE traded up $0.26 during mid-day trading on Monday, reaching $4.73. 111,731 shares of the stock were exchanged, compared to its average volume of 113,789. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $120.97 million, a price-to-earnings ratio of -11.26 and a beta of 2.38. Lonestar Resources US has a 1 year low of $3.41 and a 1 year high of $11.24.
In other news, Director Daniel R. Lockwood acquired 10,573 shares of the stock in a transaction that occurred on Wednesday, January 16th. The shares were acquired at an average cost of $4.60 per share, for a total transaction of $48,635.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 16,359 shares of company stock worth $70,593 over the last three months. 2.30% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. CAPROCK Group Inc. raised its stake in Lonestar Resources US by 10.7% in the 3rd quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock valued at $1,345,000 after acquiring an additional 16,700 shares during the period. Wasatch Advisors Inc. bought a new stake in Lonestar Resources US in the 3rd quarter valued at about $3,518,000. Man Group plc bought a new stake in shares of Lonestar Resources US during the third quarter valued at about $114,000. Raymond James & Associates bought a new stake in shares of Lonestar Resources US during the second quarter valued at about $110,000. Finally, Monarch Partners Asset Management LLC increased its position in shares of Lonestar Resources US by 12.3% during the fourth quarter. Monarch Partners Asset Management LLC now owns 63,581 shares of the energy company’s stock valued at $232,000 after buying an additional 6,987 shares during the period. Institutional investors and hedge funds own 55.48% of the company’s stock.
About Lonestar Resources US
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.
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