Northpointe Capital LLC decreased its holdings in shares of Earthstone Energy Inc (NASDAQ:ESTE) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519,744 shares of the company’s stock after selling 177,117 shares during the quarter. Northpointe Capital LLC owned approximately 2.27% of Earthstone Energy worth $5,712,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Earthstone Energy by 126,489.0% in the second quarter. Wells Fargo & Company MN now owns 854,476 shares of the company’s stock valued at $8,553,000 after buying an additional 853,801 shares during the last quarter. Argent Capital Management LLC lifted its stake in Earthstone Energy by 17.4% in the second quarter. Argent Capital Management LLC now owns 138,765 shares of the company’s stock valued at $1,389,000 after buying an additional 20,550 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Earthstone Energy by 153.2% in the second quarter. Bank of New York Mellon Corp now owns 42,661 shares of the company’s stock valued at $427,000 after buying an additional 25,813 shares during the last quarter. Sanders Morris Harris LLC lifted its stake in Earthstone Energy by 75.3% in the third quarter. Sanders Morris Harris LLC now owns 151,563 shares of the company’s stock valued at $1,666,000 after buying an additional 65,093 shares during the last quarter. Finally, Columbia Pacific Advisors LLC purchased a new stake in Earthstone Energy in the second quarter valued at approximately $1,337,000.
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A number of equities research analysts have weighed in on ESTE shares. Northland Securities set a $18.00 price objective on Earthstone Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Roth Capital set a $19.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Imperial Capital started coverage on Earthstone Energy in a report on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 target price on the stock. Zacks Investment Research raised Earthstone Energy from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Robert W. Baird reissued a “buy” rating on shares of Earthstone Energy in a report on Sunday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.14.
Shares of Earthstone Energy Inc (NASDAQ:ESTE) traded up $0.05 during mid-day trading on Friday, reaching $9.11. The company had a trading volume of 264,637 shares, compared to its average volume of 334,968. Earthstone Energy Inc has a 52-week low of $7.85 and a 52-week high of $15.70.
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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