Shares of Earthstone Energy Inc (ARCA:ESTE) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.00.
A number of research firms have commented on ESTE. Seaport Global Securities lowered shares of Earthstone Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $11.00 in a research note on Wednesday, June 21st. Imperial Capital began coverage on shares of Earthstone Energy in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 price objective on the stock.
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Shares of Earthstone Energy (ARCA:ESTE) opened at 9.53 on Friday. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $15.70. The stock’s market capitalization is $218.25 million. The firm’s 50-day moving average price is $9.43 and its 200 day moving average price is $11.76.
About Earthstone Energy
Earthstone Energy, Inc is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States.
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