SunTrust Robinson Sticks to Its Buy Rating for Lonestar Resources US (LONE)
In a report issued on November 27, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Lonestar Resources US (LONE), with a price target of $13. The company’s shares opened today at $6.76.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lonestar Resources US with a $11.63 average price target, representing a 72.0% upside. In a report issued on November 20, B.Riley FBR also reiterated a Buy rating on the stock with a $10.25 price target.
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Based on Lonestar Resources US’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $19.71 million. In comparison, last year the company had a GAAP net loss of $6.76 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
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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.