Could Lonestar Resources US Inc. (LONE) Go Down After Reaching 52-Week High?

May 17, 2018 - By Robert Crowder

The stock of Lonestar Resources US Inc. (NASDAQ:LONE) hit a new 52-week high and has $7.73 target or 8.00 % above today’s $7.16 share price. The 8 months bullish chart indicates low risk for the $176.40M company. The 1-year high was reported on May, 17 by Barchart.com. If the $7.73 price target is reached, the company will be worth $14.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 7.03% or $0.47 during the last trading session, reaching $7.16. About 455,087 shares traded or 310.31% up from the average. Lonestar Resources US Inc. (NASDAQ:LONE) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

More recent Lonestar Resources US Inc. (NASDAQ:LONE) news were published by: Prnewswire.com which released: “Lonestar Resources Announces Management Changes” on April 30, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 14, 2018” on May 14, 2018. Seekingalpha.com‘s news article titled: “Lonestar Resources US’s (LONE) CEO Frank Bracken on Q1 2018 Results – Earnings Call Transcript” with publication date: May 14, 2018 was also an interesting one.

Lonestar Resources US Inc., an independent gas and oil company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company has market cap of $176.40 million. The firm primarily focuses on Eagle Ford Shale properties in Texas counties. It currently has negative earnings. It also owns 28,655 net undeveloped acres in the Poplar West area of the Bakken Three Forks formation located in Roosevelt County, Montana.

Lonestar Resources US Inc. (NASDAQ:LONE) Ratings Chart

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