Earthstone Energy, Inc. (ESTE) Receives $14.25 Average Target Price from Analysts

Earthstone Energy, Inc. (NYSE:ESTE) has received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.38.

A number of research firms recently issued reports on ESTE. Imperial Capital set a $14.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Thursday. Robert W. Baird set a $17.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Thursday, March 15th. SunTrust Banks reiterated a “buy” rating and issued a $14.00 target price on shares of Earthstone Energy in a report on Tuesday, February 6th. Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, January 23rd. Finally, ValuEngine lowered Earthstone Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

How to Become a New Pot Stock Millionaire

A number of hedge funds and other institutional investors have recently made changes to their positions in ESTE. Sanders Morris Harris LLC lifted its holdings in Earthstone Energy by 336.1% during the 4th quarter. Sanders Morris Harris LLC now owns 660,993 shares of the oil and gas producer’s stock worth $7,026,000 after buying an additional 509,430 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Earthstone Energy in the 4th quarter valued at about $3,666,000. Northpointe Capital LLC lifted its holdings in shares of Earthstone Energy by 42.3% in the 4th quarter. Northpointe Capital LLC now owns 739,807 shares of the oil and gas producer’s stock valued at $7,864,000 after purchasing an additional 220,063 shares during the last quarter. Gardner Lewis Asset Management L P purchased a new stake in shares of Earthstone Energy in the 4th quarter valued at about $1,887,000. Finally, JBF Capital Inc. purchased a new stake in shares of Earthstone Energy in the 4th quarter valued at about $1,601,000. 18.04% of the stock is owned by institutional investors.

NYSE:ESTE traded down $0.33 during midday trading on Thursday, reaching $9.35. The company had a trading volume of 115,204 shares, compared to its average volume of 167,941. The firm has a market cap of $594.27, a PE ratio of 6.54 and a beta of 1.08. Earthstone Energy has a 12-month low of $7.85 and a 12-month high of $15.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.

Earthstone Energy (NYSE:ESTE) last released its earnings results on Wednesday, March 14th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.31. The firm had revenue of $35.68 million during the quarter, compared to analyst estimates of $33.12 million. Earthstone Energy had a positive return on equity of 5.77% and a negative net margin of 11.58%. equities analysts forecast that Earthstone Energy will post 0.67 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3341326/earthstone-energy-inc-este-receives-14-25-average-target-price-from-analysts.html.

Earthstone Energy Company Profile

Earthstone Energy, Inc, an oil and natural gas development and production company, operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2017, the company operated 91 gross Eagle Ford wells; and 12 gross Austin Chalk wells, as well as had 79,976 thousand barrels of oil equivalent (MBOE) of total proved reserves, 19,961 MBOE of proved developed reserves, and 60,015 MBOE of proved undeveloped reserves.

Analyst Recommendations for Earthstone Energy (NYSE:ESTE)

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

Latest News

Insider Selling: GoDaddy  Insider Sells 10,000 Shares of Stock
Insider Selling: GoDaddy Insider Sells 10,000 Shares of Stock
Boingo Wireless  CEO David Hagan Sells 19,833 Shares
Boingo Wireless CEO David Hagan Sells 19,833 Shares
Theravance Biopharma  Reaches New 52-Week High and Low at $21.27
Theravance Biopharma Reaches New 52-Week High and Low at $21.27
Heinz  Sets New 1-Year High and Low at $57.55
Heinz Sets New 1-Year High and Low at $57.55
Building Materials  Reaches New 1-Year High and Low at $17.90
Building Materials Reaches New 1-Year High and Low at $17.90
Compass Diversified Holdings  Expected to Post Quarterly Sales of $353.71 Million
Compass Diversified Holdings Expected to Post Quarterly Sales of $353.71 Million


Leave a Reply

© 2006-2018 Ticker Report. Google+.