Cowen Starts Lonestar Resources (LONE) at Outperform
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Price: $0.25 --0%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Cowen analyst Gabe Daoud, Jr. initiates coverage on Lonestar Resources (NASDAQ: LONE) with a Outperform rating and a price target of $7.50.
The analyst said. "LONE has a proven track record of accretive Eagle Ford acquisitions at $/acre prices notably below the market average (~sub-$5k/ acre vs. avg of ~$10k/acre)."
For an analyst ratings summary and ratings history on Lonestar Resources click here. For more ratings news on Lonestar Resources click here.
Shares of Lonestar Resources closed at $5.26 yesterday.
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