Hodges Capital Management Inc. lowered its stake in Lonestar Resources US Inc. (NASDAQ:LONE) by 45.7% during the second quarter, Holdings Channel reports. The firm owned 197,400 shares of the energy company’s stock after selling 166,206 shares during the period. Hodges Capital Management Inc.’s holdings in Lonestar Resources US were worth $849,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its stake in Lonestar Resources US by 54.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 258,593 shares of the energy company’s stock valued at $1,308,000 after buying an additional 91,100 shares during the period. Dialectic Capital Management LP boosted its stake in Lonestar Resources US by 17.5% in the first quarter. Dialectic Capital Management LP now owns 623,261 shares of the energy company’s stock valued at $3,154,000 after buying an additional 92,971 shares during the period. Phoenix Investment Adviser LLC boosted its stake in Lonestar Resources US by 28.0% in the first quarter. Phoenix Investment Adviser LLC now owns 100,496 shares of the energy company’s stock valued at $509,000 after buying an additional 22,000 shares during the period. Finally, Northpointe Capital LLC boosted its stake in Lonestar Resources US by 71.2% in the first quarter. Northpointe Capital LLC now owns 1,189,994 shares of the energy company’s stock valued at $6,021,000 after buying an additional 494,994 shares during the period. Institutional investors and hedge funds own 51.75% of the company’s stock.

Lonestar Resources US Inc. (NASDAQ LONE) opened at 3.43 on Thursday. Lonestar Resources US Inc. has a one year low of $3.31 and a one year high of $13.12. The company’s 50-day moving average price is $3.85 and its 200-day moving average price is $4.87. The firm’s market cap is $74.86 million.

Lonestar Resources US (NASDAQ:LONE) last announced its earnings results on Monday, May 15th. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.09. The business had revenue of $17.62 million for the quarter, compared to the consensus estimate of $17.67 million. Lonestar Resources US had a negative net margin of 139.50% and a negative return on equity of 38.49%. On average, analysts anticipate that Lonestar Resources US Inc. will post ($0.32) EPS for the current year.

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A number of research analysts recently weighed in on LONE shares. Wunderlich upped their price objective on Lonestar Resources US from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Roth Capital set a $15.00 price objective on Lonestar Resources US and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised Lonestar Resources US from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Friday, June 2nd. Seaport Global Securities lowered Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 price objective on the stock. in a report on Wednesday, June 21st. Finally, ValuEngine lowered Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Lonestar Resources US currently has an average rating of “Buy” and a consensus target price of $8.49.

About Lonestar Resources US

Lonestar Resources Limited is an Australia-based oil and gas exploration and production company. The Company is involved in the exploration, production and acquisition of unconventional oil and gas reserves. It holds interests in approximately 38,191 net acres in the Eagle Ford Shale, Bakken and Three Forks plays.

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Institutional Ownership by Quarter for Lonestar Resources US (NASDAQ:LONE)

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