Lonestar Resources US Inc. (NASDAQ:LONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

A number of other analysts have also weighed in on the company. Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research note on Tuesday, July 26th. Canaccord Genuity set a $13.00 target price on Lonestar Resources US and gave the company a “buy” rating in a report on Sunday, November 13th. Finally, Cowen and Company initiated coverage on Lonestar Resources US in a report on Wednesday, August 10th. They set an “outperform” rating and a $12.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.25.

Shares of Lonestar Resources US (NASDAQ:LONE) opened at 9.50 on Wednesday. The firm’s market cap is $76.21 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 of $9.17 and a 200 day moving average of $8.10.

A hedge fund recently bought a new stake in Lonestar Resources US stock. Commonwealth Bank of Australia acquired a new position in Lonestar Resources US Inc. (NASDAQ:LONE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,294 shares of the company’s stock, valued at approximately $248,000. Commonwealth Bank of Australia owned 0.30% of Lonestar Resources US at the end of the most recent quarter.

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.

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