Imperial Capital restated their outperform rating on shares of Earthstone Energy (NYSE:ESTE) in a research report released on Wednesday, Marketbeat reports. Imperial Capital currently has a $9.00 price target on the oil and gas producer’s stock, up from their prior price target of $7.00.
Several other research analysts also recently commented on ESTE. Zacks Investment Research downgraded Earthstone Energy from a hold rating to a strong sell rating in a report on Tuesday. Roth Capital set a $16.00 price target on Earthstone Energy and gave the company a buy rating in a report on Thursday, December 27th. ValuEngine downgraded Earthstone Energy from a sell rating to a strong sell rating in a report on Thursday, November 1st. Finally, Stephens began coverage on Earthstone Energy in a report on Thursday, December 6th. They issued an overweight rating and a $11.00 price target on the stock. Two research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $11.50.
ESTE opened at $6.60 on Wednesday. The firm has a market cap of $458.05 million, a price-to-earnings ratio of 4.62, a PEG ratio of 0.32 and a beta of 1.97. Earthstone Energy has a 52 week low of $4.21 and a 52 week high of $11.00. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.
About Earthstone Energy
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.
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