.png "Lonestar Resources US (NASDAQ: LONE)")
In a report released yesterday, Rehan Rashid from B.Riley FBR maintained a Buy rating on Lonestar Resources US (NASDAQ: LONE), with a price target of $12.50. The company’s shares opened today at $7.80, close to its 52-week high of $8.07.
According to TipRanks.com, Rashid is a 4-star analyst with an average return of 16.8% and a 70.0% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Devon Energy Corp, and QEP Resources.
Lonestar Resources US has an analyst consensus of Moderate Buy, with a price target consensus of $10.38.
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Based on Lonestar Resources US’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $16.65 million. In comparison, last year the company had a net profit of $3.07 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LONE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lonestar Resources US, Inc. engages in the acquisition, development, and production of unconventional oil and natural gas properties. Its portfolio includes the Eagle Ford Shale. The company was founded by Charles William Stocker on December 2015 and is headquartered in Fort Worth, TX.
