.png "Lonestar Resources US (NASDAQ: LONE)")
Northland Securities analyst Jeff Grampp maintained a Buy rating on Lonestar Resources US (LONE) today and set a price target of $6. The company’s shares closed yesterday at $3.46, close to its 52-week low of $3.
According to TipRanks.com, Grampp is ranked 0 out of 5 stars with an average return of -8.1% and a 32.1% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Lonestar Resources US has an analyst consensus of Moderate Buy, with a price target consensus of $6.
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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 $58.56 million. In comparison, last year the company had a GAAP net loss of $16.54 million.
Based on the recent corporate insider activity of 23 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. is engaged 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.
