Raffles Associates LP Continues to Hold Stake in Lonestar Resources US Inc. (LONE)

Raffles Associates LP continued to hold its position in Lonestar Resources US Inc. (NASDAQ:LONE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the energy company’s stock at the end of the second quarter. Raffles Associates LP owned 0.53% of Lonestar Resources US worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Financial Inc. bought a new position in shares of Lonestar Resources US during the second quarter worth $2,744,000. Victory Capital Management Inc. boosted its position in shares of Lonestar Resources US by 25.0% during the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock worth $3,959,000 after acquiring an additional 183,904 shares during the last quarter. Phoenix Investment Adviser LLC boosted its position in shares of Lonestar Resources US by 85.8% during the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock worth $803,000 after acquiring an additional 86,204 shares during the last quarter. Northpointe Capital LLC boosted its position in shares of Lonestar Resources US by 21.0% during the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock worth $6,190,000 after acquiring an additional 249,479 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Lonestar Resources US during the second quarter worth $242,000. Institutional investors and hedge funds own 53.19% of the company’s stock.

In other news, Director Stephen H. Oglesby purchased 10,000 shares of the stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $3.10 per share, with a total value of $31,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $31,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 22,200 shares of company stock worth $66,836. Corporate insiders own 2.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2017/10/13/raffles-associates-lp-continues-to-hold-stake-in-lonestar-resources-us-inc-lone.html.

A number of brokerages recently weighed in on LONE. Zacks Investment Research upgraded shares of Lonestar Resources US from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen and Company restated a “buy” rating and set a $7.00 target price on shares of Lonestar Resources US in a research report on Thursday, September 28th. Seaport Global Securities lowered shares of Lonestar Resources US from a “buy” rating to a “neutral” rating and set a $3.25 target price for the company. in a research report on Wednesday, June 21st. Roth Capital set a $9.00 target price on shares of Lonestar Resources US and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, ValuEngine lowered shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $7.99.

Lonestar Resources US Profile

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.

Want to see what other hedge funds are holding LONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lonestar Resources US Inc. (NASDAQ:LONE).

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

Receive News & Ratings for Lonestar Resources US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lonestar Resources US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply