Earthstone Energy (NYSE:ESTE) was upgraded by Seaport Global Securities from a “neutral” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $11.00 price target on the oil and gas producer’s stock. Seaport Global Securities’ price objective indicates a potential upside of 20.75% from the company’s current price.
Several other research firms have also recently weighed in on ESTE. Robert W. Baird set a $14.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub raised shares of Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Wells Fargo & Company initiated coverage on shares of Earthstone Energy in a research note on Thursday, November 30th. They set an “outperform” rating and a $12.00 target price for the company. Roth Capital set a $16.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Earthstone Energy in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $14.91.
Earthstone Energy (NYSE:ESTE) opened at $9.11 on Tuesday. The firm has a market cap of $600.62, a price-to-earnings ratio of 11.67 and a beta of 1.38. Earthstone Energy has a 52 week low of $7.85 and a 52 week high of $15.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59.
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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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