Somewhat Positive News Coverage Somewhat Unlikely to Impact Lonestar Resources US (LONE) Stock Price
Media stories about Lonestar Resources US (NASDAQ:LONE) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lonestar Resources US earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 44.8943444810241 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Petrobras (PBR) to Offload 50 Offshore Oil and Gas Fields (finance.yahoo.com)
- Lonestar Resources US Inc. (LONE) Given a $9.00 Price Target by Roth Capital Analysts (americanbankingnews.com)
- Lonestar Resources US Inc. (LONE) CEO Buys $15,100.00 in Stock (americanbankingnews.com)
- Insider Trading Activity Lonestar Resources US Inc. (NASDAQ:LONE) – Director Bought 10,000 shares of Stock (4-traders.com)
- Lonestar Resources US, Inc. (LONE) Reports Operational Update Following Hurricane Harvey (streetinsider.com)
Several research firms have recently weighed in on LONE. Cowen and Company set a $9.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research cut shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Roth Capital set a $9.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Tuesday. Wunderlich increased their price target on shares of Lonestar Resources US from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Finally, Seaport Global Securities cut shares of Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price target for the company. in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $8.28.
Lonestar Resources US (NASDAQ:LONE) traded up 1.53% during trading on Friday, hitting $3.31. 61,299 shares of the company were exchanged. The company’s market capitalization is $72.24 million. Lonestar Resources US has a 12 month low of $2.43 and a 12 month high of $13.12. The company has a 50-day moving average of $3.42 and a 200-day moving average of $4.45.
In related news, Director Stephen H. Oglesby bought 10,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $3.10 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $31,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 22,200 shares of company stock valued at $66,836. 3.60% of the stock is owned by insiders.
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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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