Lonestar Resources US Inc. (LONE) is Leucadia National Corp’s 7th Largest Position

Leucadia National Corp continued to hold its stake in Lonestar Resources US Inc. (NASDAQ:LONE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,978,488 shares of the energy company’s stock at the end of the first quarter. Lonestar Resources US comprises 1.6% of Leucadia National Corp’s portfolio, making the stock its 7th largest position. Leucadia National Corp owned approximately 18.23% of Lonestar Resources US worth $20,131,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Arbiter Partners Capital Management LLC purchased a new stake in Lonestar Resources US during the fourth quarter valued at about $109,000. JVL Advisors L.L.C. bought a new stake in Lonestar Resources US during the fourth quarter valued at $221,000. Phoenix Investment Adviser LLC raised its position 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 in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position 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 in the last quarter. Finally, Gardner Lewis Asset Management L P acquired a new position in Lonestar Resources US during the fourth quarter valued at approximately $1,708,000. Institutional investors and hedge funds own 52.49% of the company’s stock.

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

Lonestar Resources US Inc. (NASDAQ:LONE) traded down 1.8977% during midday trading on Tuesday, reaching $3.8358. 32,320 shares of the company were exchanged. The firm’s 50 day moving average price is $4.21 and its 200-day moving average price is $5.76. The stock’s market capitalization is $83.71 million. Lonestar Resources US Inc. has a 52 week low of $3.31 and a 52 week high of $16.00.

Lonestar Resources US (NASDAQ:LONE) last released its quarterly earnings results on Monday, May 15th. The energy company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.09. The company had revenue of $17.62 million for the quarter, compared to analysts’ expectations of $17.67 million. Lonestar Resources US had a negative return on equity of 40.31% and a negative net margin of 124.20%. Equities analysts forecast that Lonestar Resources US Inc. will post ($0.23) EPS for the current fiscal year.

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A number of equities research analysts have issued reports on LONE shares. Roth Capital set a $15.00 price target on shares of Lonestar Resources US and gave the stock a “buy” rating in a report on Saturday, March 25th. Canaccord Genuity set a $13.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a research note on Saturday, March 4th. Cowen and Company decreased their target price on shares of Lonestar Resources US from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, April 10th. Wunderlich lifted their target price on shares of Lonestar Resources US from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research cut shares of Lonestar Resources US from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Lonestar Resources US has a consensus rating of “Buy” and a consensus target price of $10.70.

Lonestar Resources US Company 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.

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