Zacks Investment Research upgraded shares of Lonestar Resources US (NASDAQ:LONE) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $4.00 price objective on the energy company’s stock.

According to Zacks, “Lonestar Resources US Inc. is an oil and gas company. It is involved in exploration, production and acquisition of unconventional oil and gas reserves. Lonestar Resources US Inc. is headquartered in Fort Worth, United States. “

Several other research analysts have also issued reports on the company. Northland Securities set a $7.00 target price on Lonestar Resources US and gave the stock a buy rating in a research report on Monday, December 11th. Cowen reissued a buy rating and issued a $7.00 target price on shares of Lonestar Resources US in a research report on Thursday, September 28th. Finally, Roth Capital set a $9.00 target price on Lonestar Resources US and gave the stock a buy rating in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $7.93.

Shares of Lonestar Resources US (LONE) opened at $3.30 on Wednesday. Lonestar Resources US has a fifty-two week low of $2.43 and a fifty-two week high of $8.81. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.88.

Several large investors have recently made changes to their positions in LONE. Northpointe Capital LLC raised its position in shares of Lonestar Resources US by 21.0% in the 2nd quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock worth $6,190,000 after acquiring an additional 249,479 shares in the last quarter. Phoenix Investment Adviser LLC increased its position in Lonestar Resources US by 85.8% during the 2nd 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 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 buying an additional 183,904 shares in the last quarter. Vanguard Group Inc. increased its position in Lonestar Resources US by 1.6% during the 2nd 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. Finally, B. Riley Financial Inc. bought a new position in Lonestar Resources US during the 2nd quarter valued at approximately $2,744,000. 47.74% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Lonestar Resources US (LONE) Stock Rating Upgraded by Zacks Investment Research” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/lonestar-resources-us-lone-stock-rating-upgraded-by-zacks-investment-research/1768873.html.

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.

Get a free copy of the Zacks research report on Lonestar Resources US (LONE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Lonestar Resources US (NASDAQ:LONE)

Receive News & Ratings for Lonestar Resources US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US and related companies with Analyst Ratings Network's FREE daily email newsletter.