Canaccord Genuity Reiterates “Buy” Rating for Lonestar Resources US Inc. (LONE)
Lonestar Resources US Inc. (NASDAQ:LONE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a report released on Sunday. They presently have a $13.00 price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 35.40% from the stock’s previous close.
Several other brokerages also recently issued reports on LONE. Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research note on Tuesday, July 26th. Zacks Investment Research downgraded shares of Lonestar Resources US from a “hold” rating to a “sell” rating and set a $14.00 price target for the company. in a research note on Tuesday, September 13th. Finally, Cowen and Company assumed coverage on shares of Lonestar Resources US in a research note on Wednesday, August 10th. They set an “outperform” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Lonestar Resources US currently has a consensus rating of “Buy” and an average target price of $11.25.
Lonestar Resources US (NASDAQ:LONE) opened at 9.6015 on Friday. The company’s market capitalization is $77.02 million. Lonestar Resources US has a 52-week low of $2.05 and a 52-week high of $16.00. The company has a 50-day moving average price of $9.29 and a 200 day moving average price of $7.99.
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.
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