Monarch Partners Asset Management LLC Raises Position in Lonestar Resources US Inc (LONE)

Monarch Partners Asset Management LLC increased its stake in shares of Lonestar Resources US Inc (NASDAQ:LONE) by 39.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,594 shares of the energy company’s stock after acquiring an additional 16,070 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Lonestar Resources US were worth $441,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CAPROCK Group Inc. boosted its position in shares of Lonestar Resources US by 10.7% during the third quarter. CAPROCK Group Inc. now owns 172,635 shares of the energy company’s stock worth $1,345,000 after acquiring an additional 16,700 shares during the last quarter. B. Riley Financial Inc. boosted its position in shares of Lonestar Resources US by 11.9% during the second quarter. B. Riley Financial Inc. now owns 1,172,622 shares of the energy company’s stock worth $9,897,000 after acquiring an additional 124,594 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Lonestar Resources US by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 45,872 shares of the energy company’s stock worth $199,000 after acquiring an additional 12,413 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Lonestar Resources US by 459.4% during the second quarter. Renaissance Technologies LLC now owns 787,100 shares of the energy company’s stock worth $6,643,000 after acquiring an additional 646,400 shares during the last quarter. Finally, Northpointe Capital LLC bought a new position in shares of Lonestar Resources US during the second quarter worth $7,738,000. Hedge funds and other institutional investors own 45.79% of the company’s stock.

In other Lonestar Resources US news, Director John H. Murray acquired 7,600 shares of the stock in a transaction on Monday, August 13th. The stock was acquired at an average price of $8.79 per share, for a total transaction of $66,804.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John H. Murray acquired 15,400 shares of the stock in a transaction on Friday, August 10th. The shares were acquired at an average price of $8.49 per share, with a total value of $130,746.00. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Lonestar Resources US from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Seaport Global Securities restated a “buy” rating on shares of Lonestar Resources US in a research report on Monday, August 13th. Cowen reiterated a “buy” rating and set a $13.00 price objective on shares of Lonestar Resources US in a research report on Friday, July 20th. Finally, SunTrust Banks initiated coverage on shares of Lonestar Resources US in a research report on Wednesday, July 18th. They set a “buy” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.08.

LONE stock opened at $7.80 on Wednesday. Lonestar Resources US Inc has a 52 week low of $3.30 and a 52 week high of $11.24. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $186.01 million, a price-to-earnings ratio of -18.57 and a beta of 0.32.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Lonestar Resources US had a negative net margin of 37.79% and a negative return on equity of 5.39%. The business had revenue of $58.74 million during the quarter, compared to analyst estimates of $50.95 million. Research analysts anticipate that Lonestar Resources US Inc will post -0.13 EPS for the current fiscal year.

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About Lonestar Resources US

Lonestar Resources US Inc, an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company primarily focuses on Eagle Ford Shale properties in Texas counties. Lonestar Resources US Inc was incorporated in 2015 and is headquartered in Fort Worth, Texas.

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

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