BidaskClub upgraded shares of Earthstone Energy Inc (NASDAQ:ESTE) from a sell rating to a hold rating in a report released on Thursday.
A number of other research firms also recently weighed in on ESTE. Northland Securities reissued a buy rating and set a $18.00 target price on shares of Earthstone Energy in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Earthstone Energy from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, October 17th. Roth Capital set a $16.00 target price on shares of Earthstone Energy and gave the company a buy rating in a research report on Thursday, October 12th. Robert W. Baird reissued a buy rating on shares of Earthstone Energy in a research report on Sunday, September 17th. Finally, Imperial Capital assumed coverage on shares of Earthstone Energy in a research report on Tuesday, August 1st. They set an outperform rating and a $13.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Earthstone Energy currently has a consensus rating of Buy and a consensus target price of $14.14.
Earthstone Energy (NASDAQ ESTE) traded up $0.05 during trading hours on Thursday, reaching $9.11. 264,637 shares of the company’s stock were exchanged, compared to its average volume of 334,968. Earthstone Energy has a twelve month low of $7.85 and a twelve month high of $15.70.
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A number of large investors have recently added to or reduced their stakes in ESTE. American International Group Inc. boosted its holdings in shares of Earthstone Energy by 109.0% during the 3rd quarter. American International Group Inc. now owns 12,796 shares of the company’s stock worth $141,000 after buying an additional 6,673 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Earthstone Energy by 7.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 841,411 shares of the company’s stock worth $9,247,000 after buying an additional 59,798 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Earthstone Energy by 63.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 69,644 shares of the company’s stock worth $765,000 after buying an additional 26,983 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Earthstone Energy during the 3rd quarter worth approximately $135,000. Finally, Sanders Morris Harris LLC boosted its holdings in shares of Earthstone Energy by 75.3% during the 3rd quarter. Sanders Morris Harris LLC now owns 151,563 shares of the company’s stock worth $1,666,000 after buying an additional 65,093 shares in the last quarter.
Earthstone Energy Company Profile
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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