Lonestar Resources US Inc. (NASDAQ:LONE) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $7.93.

A number of research firms recently weighed in on LONE. Zacks Investment Research raised shares of Lonestar Resources US from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective on the stock in a research report on Wednesday. Northland Securities set a $7.00 price objective on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Monday. Cowen reissued a “buy” rating and issued a $7.00 price objective on shares of Lonestar Resources US in a research report on Thursday, September 28th. Finally, Roth Capital set a $9.00 price objective on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Tuesday, August 29th.

Shares of Lonestar Resources US (NASDAQ:LONE) opened at $3.42 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.57 and a quick ratio of 0.57. Lonestar Resources US has a 1 year low of $2.43 and a 1 year high of $8.81.

Several large investors have recently modified their holdings of LONE. Susquehanna International Group LLP purchased a new position in shares of Lonestar Resources US during the second quarter worth approximately $242,000. Phoenix Investment Adviser LLC increased its position in shares of Lonestar Resources US by 85.8% during the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock worth $803,000 after acquiring an additional 86,204 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Lonestar Resources US by 29.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock worth $1,172,000 after acquiring an additional 75,400 shares during the period. Vanguard Group Inc. increased its position in shares of Lonestar Resources US by 1.6% during the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock worth $1,500,000 after acquiring an additional 5,372 shares during the period. Finally, B. Riley Financial Inc. purchased a new position in shares of Lonestar Resources US during the second quarter worth approximately $2,744,000. 47.74% of the stock is currently owned by institutional investors and hedge funds.

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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)

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