Lonestar Resources US Receives a Buy from Canaccord Genuity

By Jason Carr

Canaccord Genuity analyst Stephen Berman reiterated a Buy rating on Lonestar Resources US (NASDAQ: LONE) on November 10 and set a price target of $13. The company’s shares closed last Friday at $9.60.

According to TipRanks.com, Berman is ranked 0 out of 5 stars with an average return of -16.7% and a 36.2% success rate. Berman covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Sundance Energy Australia, and Abraxas Petroleum Corp.

Lonestar Resources US has an analyst consensus of Moderate Buy.

The company has a one year high of $16 and a one year low of $5.99. Currently, Lonestar Resources US has an average volume of 20.04K.

Lonestar Resources US, Inc. is an oil and natural gas company, focuses on the acquisition, development and production of unconventional oil and natural gas properties. The company was founded by Dub Stocker on December, 2015 and is headquartered in Fort Worth, TX.