JBF Capital Inc. purchased a new position in Earthstone Energy Inc (NYSE:ESTE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 150,610 shares of the oil and gas producer’s stock, valued at approximately $1,601,000. Earthstone Energy accounts for approximately 0.2% of JBF Capital Inc.’s holdings, making the stock its 16th biggest position. JBF Capital Inc. owned about 0.24% of Earthstone Energy at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. acquired a new stake in shares of Earthstone Energy during the 2nd quarter worth approximately $187,000. Bank of New York Mellon Corp grew its stake in shares of Earthstone Energy by 153.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 42,661 shares of the oil and gas producer’s stock worth $427,000 after purchasing an additional 25,813 shares during the period. Teachers Advisors LLC grew its stake in shares of Earthstone Energy by 144.8% during the 2nd quarter. Teachers Advisors LLC now owns 19,147 shares of the oil and gas producer’s stock worth $192,000 after purchasing an additional 11,327 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Earthstone Energy by 987.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 42,328 shares of the oil and gas producer’s stock worth $424,000 after purchasing an additional 38,436 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Earthstone Energy by 32.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 388,040 shares of the oil and gas producer’s stock worth $3,884,000 after purchasing an additional 94,469 shares during the period. Institutional investors own 13.75% of the company’s stock.
Earthstone Energy Inc (NYSE:ESTE) opened at $9.26 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $588.55, a P/E ratio of 11.43 and a beta of 1.15. Earthstone Energy Inc has a 52-week low of $7.85 and a 52-week high of $15.50.
A number of equities research analysts have recently commented on ESTE shares. Robert W. Baird set a $14.00 price objective on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Friday, October 20th. KLR Group started coverage on Earthstone Energy in a research report on Thursday. They set a “buy” rating and a $17.00 target price on the stock. BidaskClub upgraded Earthstone Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and set a $14.00 target price on shares of Earthstone Energy in a research report on Tuesday, February 6th. Finally, Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Earthstone Energy presently has an average rating of “Buy” and a consensus price target of $14.45.
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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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