Northland Capital Markets Starts Lonestar Resources Ltd (LNREF) at Outperform

Northland Capital Markets initiates coverage on Lonestar Resources Ltd (: LNREF) with a Outperform rating and a price target of $14.00.

Analyst Jeff Grampp commented, "Lonestar is essentially a pure-play Eagle Ford player with a ~34,000 net acre footprint and an established track record of growth. It maintains a solid financial and operational position enabling continued growth in its scale and drilling inventory and at current levels, the stock trades at a meaningful discount to Eagle Ford peers, which we believe creates an attractive investment opportunity."

For an analyst ratings summary and ratings history on Lonestar Resources Ltd click here. For more ratings news on Lonestar Resources Ltd click here.

Shares of Lonestar Resources Ltd closed at $7.00 yesterday.

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