JBF Capital Inc. bought a new stake in shares of Earthstone Energy Inc (NYSE:ESTE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 investment portfolio, making the stock its 16th largest holding. JBF Capital Inc. owned 0.24% of Earthstone Energy as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Earthstone Energy by 84.9% during the 2nd quarter. Vanguard Group Inc. now owns 520,807 shares of the oil and gas producer’s stock worth $5,214,000 after purchasing an additional 239,193 shares in the last quarter. Northpointe Capital LLC grew its stake in shares of Earthstone Energy by 42.3% during the 4th quarter. Northpointe Capital LLC now owns 739,807 shares of the oil and gas producer’s stock worth $7,864,000 after acquiring an additional 220,063 shares in the last quarter. 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 acquiring an additional 94,469 shares in the last quarter. Northern Trust Corp grew its stake in shares of Earthstone Energy by 232.1% in the second quarter. Northern Trust Corp now owns 109,208 shares of the oil and gas producer’s stock valued at $1,093,000 after buying an additional 76,326 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its stake in shares of Earthstone Energy by 75.3% in the third quarter. Sanders Morris Harris LLC now owns 151,563 shares of the oil and gas producer’s stock valued at $1,666,000 after buying an additional 65,093 shares in the last quarter. Institutional investors own 14.96% of the company’s stock.
ESTE has been the subject of several analyst reports. Zacks Investment Research raised shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, January 8th. Seaport Global Securities raised Earthstone Energy from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, December 5th. Northland Securities set a $14.00 price target on Earthstone Energy and gave the company a “buy” rating in a report on Monday, December 11th. ValuEngine downgraded Earthstone Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub raised Earthstone Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Earthstone Energy presently has a consensus rating of “Buy” and a consensus price target of $14.45.
Shares of Earthstone Energy Inc (NYSE ESTE) traded down $0.01 on Monday, reaching $9.99. The company’s stock had a trading volume of 215,500 shares, compared to its average volume of 168,852. Earthstone Energy Inc has a 12-month low of $7.85 and a 12-month high of $15.50. The firm has a market capitalization of $634.94, a price-to-earnings ratio of 12.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59.
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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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