Northland Securities set a $7.00 price target on Lonestar Resources US (NASDAQ:LONE) in a research report sent to investors on Monday. The firm currently has a buy rating on the energy company’s stock.

A number of other research analysts have also issued reports on LONE. Zacks Investment Research upgraded shares of Lonestar Resources US from a hold rating to a strong-buy rating and set a $3.50 target price on the stock in a report on Tuesday, August 22nd. Cowen reaffirmed a buy rating and set a $7.00 price objective on shares of Lonestar Resources US in a research note on Thursday, September 28th. Finally, Roth Capital set a $9.00 price objective on shares of Lonestar Resources US and gave the company a buy rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lonestar Resources US presently has an average rating of Buy and a consensus target price of $7.93.

Lonestar Resources US (LONE) opened at $3.37 on Monday. 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 hedge funds and other institutional investors have recently bought and sold shares of LONE. B. Riley Financial Inc. acquired a new position in shares of Lonestar Resources US during the 2nd quarter valued at about $2,744,000. Northpointe Capital LLC increased its stake in shares of Lonestar Resources US by 21.0% during the 2nd quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock valued at $6,190,000 after acquiring an additional 249,479 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Lonestar Resources US by 25.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock valued at $3,959,000 after acquiring an additional 183,904 shares during the last quarter. Phoenix Investment Adviser LLC increased its stake in shares of Lonestar Resources US by 51.2% during the 3rd quarter. Phoenix Investment Adviser LLC now owns 282,299 shares of the energy company’s stock valued at $991,000 after acquiring an additional 95,599 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Lonestar Resources US by 29.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 333,993 shares of the energy company’s stock valued at $1,172,000 after acquiring an additional 75,400 shares during the last quarter. 47.74% of the stock is owned by institutional investors.

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Lonestar Resources US Company Profile

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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