Lonestar Resources US Inc. (NASDAQ:LONE) Stake Lowered by Balyasny Asset Management LLC

Balyasny Asset Management LLC lessened its holdings in Lonestar Resources US Inc. (NASDAQ:LONE) by 21.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 709,590 shares of the energy company’s stock after selling 190,410 shares during the period. Balyasny Asset Management LLC owned approximately 3.25% of Lonestar Resources US worth $3,051,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Phoenix Investment Adviser LLC lifted its position in Lonestar Resources US by 85.8% in the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock valued at $803,000 after acquiring an additional 86,204 shares during the last quarter. Vanguard Group Inc. lifted its position in Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after acquiring an additional 5,372 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Lonestar Resources US in the second quarter valued at $2,744,000. Victory Capital Management Inc. increased its stake in Lonestar Resources US by 25.0% in the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock valued at $3,959,000 after purchasing an additional 183,904 shares during the period. Finally, Northpointe Capital LLC increased its stake in Lonestar Resources US by 21.0% in the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock valued at $6,190,000 after purchasing an additional 249,479 shares during the period. 53.19% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on LONE shares. Cowen and Company 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, July 18th. ValuEngine downgraded shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th. Roth Capital set a $9.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Zacks Investment Research downgraded shares of Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. One investment 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. The company currently has an average rating of “Buy” and an average price target of $7.99.

In other news, Director Stephen H. Oglesby purchased 10,000 shares of Lonestar Resources US stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $3.10 per share, with a total value of $31,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $31,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have acquired 22,200 shares of company stock valued at $66,836. Insiders own 2.30% of the company’s stock.

Shares of Lonestar Resources US Inc. (NASDAQ:LONE) opened at 3.42 on Friday. Lonestar Resources US Inc. has a 52-week low of $2.43 and a 52-week high of $10.24. The stock has a 50 day moving average of $3.36 and a 200 day moving average of $3.89. The firm’s market cap is $74.64 million.

COPYRIGHT VIOLATION NOTICE: “Lonestar Resources US Inc. (NASDAQ:LONE) Stake Lowere

A number of other hedge funds have also modified their holdings of the business. Phoenix Investment Adviser LLC lifted its position in Lonestar Resources US by 85.8% in the second quarter. Phoenix Investment Adviser LLC now owns 186,700 shares of the energy company’s stock valued at $803,000 after acquiring an additional 86,204 shares during the last quarter. Vanguard Group Inc. lifted its position in Lonestar Resources US by 1.6% in the second quarter. Vanguard Group Inc. now owns 348,999 shares of the energy company’s stock valued at $1,500,000 after acquiring an additional 5,372 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Lonestar Resources US in the second quarter valued at $2,744,000. Victory Capital Management Inc. increased its stake in Lonestar Resources US by 25.0% in the second quarter. Victory Capital Management Inc. now owns 920,709 shares of the energy company’s stock valued at $3,959,000 after purchasing an additional 183,904 shares during the period. Finally, Northpointe Capital LLC increased its stake in Lonestar Resources US by 21.0% in the second quarter. Northpointe Capital LLC now owns 1,439,473 shares of the energy company’s stock valued at $6,190,000 after purchasing an additional 249,479 shares during the period. 53.19% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on LONE shares. Cowen and Company 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, July 18th. ValuEngine downgraded shares of Lonestar Resources US from a “sell” rating to a “strong sell” rating in a report on Friday, July 7th. Roth Capital set a $9.00 price target on shares of Lonestar Resources US and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Zacks Investment Research downgraded shares of Lonestar Resources US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. One investment 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. The company currently has an average rating of “Buy” and an average price target of $7.99.

In other news, Director Stephen H. Oglesby purchased 10,000 shares of Lonestar Resources US stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $3.10 per share, with a total value of $31,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $31,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have acquired 22,200 shares of company stock valued at $66,836. Insiders own 2.30% of the company’s stock.

Shares of Lonestar Resources US Inc. (NASDAQ:LONE) opened at 3.42 on Friday. Lonestar Resources US Inc. has a 52-week low of $2.43 and a 52-week high of $10.24. The stock has a 50 day moving average of $3.36 and a 200 day moving average of $3.89. The firm’s market cap is $74.64 million.

COPYRIGHT VIOLATION NOTICE: “Lonestar Resources US Inc. (NASDAQ:LONE) Stake Lowered by Balyasny Asset Management LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/balyasny-asset-management-llc-has-3-05-million-holdings-in-lonestar-resources-us-inc-lone.html.

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.

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

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