Zacks Investment Research upgraded shares of Lonestar Resources US Inc. (NASDAQ:LONE) from a sell rating to a hold rating in a report released on Wednesday morning.

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 firms have also recently weighed in on LONE. Roth Capital set a $15.00 price target on shares of Lonestar Resources US and gave the company a buy rating in a report on Wednesday, May 31st. Wunderlich lifted their price target on shares of Lonestar Resources US from $13.00 to $15.00 and gave the company a buy rating in a report on Wednesday, May 31st. ValuEngine lowered Lonestar Resources US from a sell rating to a strong sell rating in a research report on Friday, July 7th. Seaport Global Securities lowered Lonestar Resources US from a buy rating to a neutral rating and set a $3.25 price objective for the company. in a research report on Wednesday, June 21st. Finally, Cowen and Company set a $9.00 price objective on Lonestar Resources US and gave the company a buy rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $8.49.

Shares of Lonestar Resources US (NASDAQ LONE) traded up 0.92% during mid-day trading on Wednesday, reaching $3.30. 28,759 shares of the company’s stock traded hands. The company’s market cap is $72.02 million. The firm has a 50-day moving average of $3.83 and a 200 day moving average of $4.83. Lonestar Resources US has a 12-month low of $3.14 and a 12-month high of $13.12.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings results on Monday, May 15th. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.09. The company had revenue of $17.62 million during the quarter, compared to the consensus estimate of $17.67 million. Lonestar Resources US had a negative net margin of 139.50% and a negative return on equity of 38.49%. Equities analysts forecast that Lonestar Resources US will post ($0.32) EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. B. Riley Financial Inc. purchased a new position in shares of Lonestar Resources US during the second quarter valued at approximately $2,744,000. Vanguard Group Inc. raised 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. Victory Capital Management Inc. raised 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. Phoenix Investment Adviser LLC raised 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. Finally, Northpointe Capital LLC raised 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. 51.75% of the stock is owned by institutional investors and hedge funds.

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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