Lonestar Resources US (NASDAQ:LONE) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
A number of other research analysts also recently weighed in on the company. B. Riley set a $8.00 target price on Lonestar Resources US and gave the stock a “buy” rating in a report on Monday. Northland Securities reiterated a “buy” rating and set a $6.00 target price on shares of Lonestar Resources US in a report on Tuesday. ValuEngine downgraded Lonestar Resources US from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Lonestar Resources US from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Cowen initiated coverage on Lonestar Resources US in a research note on Monday, February 4th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $8.95.
Shares of LONE stock traded up $0.01 during midday trading on Wednesday, reaching $3.65. 47,259 shares of the stock were exchanged, compared to its average volume of 151,593. Lonestar Resources US has a 1 year low of $3.00 and a 1 year high of $11.24. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.72 and a current ratio of 0.42. The company has a market capitalization of $91.15 million, a price-to-earnings ratio of -52.14 and a beta of 2.19.
In other Lonestar Resources US news, CEO Frank D. Bracken III acquired 10,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were acquired at an average cost of $4.42 per share, with a total value of $44,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel R. Lockwood acquired 11,650 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $4.27 per share, for a total transaction of $49,745.50. The disclosure for this purchase can be found here. Insiders purchased a total of 24,650 shares of company stock worth $104,476 in the last 90 days. 2.90% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. bought a new position in Lonestar Resources US in the 4th quarter valued at approximately $39,000. Man Group plc bought a new position in Lonestar Resources US in the 3rd quarter valued at approximately $114,000. Parametric Portfolio Associates LLC bought a new position in Lonestar Resources US in the 1st quarter valued at approximately $64,000. Deprince Race & Zollo Inc. lifted its position in Lonestar Resources US by 63.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 27,000 shares of the energy company’s stock valued at $99,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Lonestar Resources US in the 4th quarter valued at approximately $130,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
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 that cover an area of 57,491 net acres in Texas counties.
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