Cowen Starts Lonestar Resources (LONE) at Outperform

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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