Shares of Lonestar Resources US Inc. (NASDAQ:LONE) have received an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.99.

LONE has been the subject of several recent analyst reports. 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 report on Wednesday, June 21st. 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 report on Thursday, July 20th. Zacks Investment Research raised Lonestar Resources US from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and issued a $7.00 price target on shares of Lonestar Resources US in a report on Thursday. Finally, ValuEngine downgraded Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th.

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Lonestar Resources US (NASDAQ LONE) opened at 3.51 on Friday. The firm has a 50-day moving average price of $3.18 and a 200-day moving average price of $4.15. The stock’s market cap is $76.60 million. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $10.99.

In related news, Director Stephen H. Oglesby purchased 10,000 shares of Lonestar Resources US stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $31,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have purchased 22,200 shares of company stock valued at $66,836. 2.30% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its position in shares of Lonestar Resources US by 54.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 258,593 shares of the energy company’s stock valued at $1,308,000 after buying an additional 91,100 shares in the last quarter. Northpointe Capital LLC increased its position in shares of Lonestar Resources US by 21.0% in the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock valued at $6,190,000 after buying an additional 249,479 shares in the last quarter. Phoenix Investment Adviser LLC increased 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 valued at $803,000 after buying an additional 86,204 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $3,959,000 after buying an additional 183,904 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 valued at $1,500,000 after buying an additional 5,372 shares in the last quarter. Institutional investors own 53.19% of the company’s stock.

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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