In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on Lonestar Resources US (LONE), with a price target of $6. The company’s shares closed yesterday at $2.32, close to its 52-week low of $1.93.
Grampp observed:
“We are impressed with LONE’s update and reiterate our OP and $6 PT.”
According to TipRanks.com, Grampp has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.7% and a 17.6% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Currently, the analyst consensus on Lonestar Resources US is a Moderate Buy with an average price target of $6.88.
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The company has a one-year high of $9.81 and a one-year low of $1.93. Currently, Lonestar Resources US has an average volume of 164.4K.
Based on the recent corporate insider activity of 27 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.
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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.
