Earthstone Energy Inc (NASDAQ:ESTE) has been assigned a $16.00 price objective by investment analysts at Roth Capital in a report released on Thursday. The firm presently has a “buy” rating on the stock. Roth Capital’s target price points to a potential upside of 55.04% from the stock’s current price.
Several other equities research analysts also recently weighed in on ESTE. Northland Securities reaffirmed a “buy” rating and issued a $18.00 price target on shares of Earthstone Energy in a research note on Tuesday, September 26th. BidaskClub raised shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Imperial Capital assumed coverage on shares of Earthstone Energy in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Earthstone Energy in a research note on Sunday, September 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Earthstone Energy presently has a consensus rating of “Buy” and a consensus target price of $14.50.
Earthstone Energy (NASDAQ ESTE) traded down 4.44% during trading on Thursday, reaching $10.32. The company’s stock had a trading volume of 61,401 shares. The stock’s 50-day moving average is $10.28 and its 200 day moving average is $11.12. The company’s market cap is $236.34 million. Earthstone Energy has a 12 month low of $8.02 and a 12 month high of $15.70.
In other news, EVP Robert John Anderson sold 15,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 85,613 shares of the company’s stock, valued at $856,130. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Several large investors have recently bought and sold shares of ESTE. Wells Fargo & Company MN increased its position in shares of Earthstone Energy by 126,489.0% during the second quarter. Wells Fargo & Company MN now owns 854,476 shares of the company’s stock worth $8,553,000 after acquiring an additional 853,801 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Earthstone Energy by 84.9% during the second quarter. Vanguard Group Inc. now owns 520,807 shares of the company’s stock worth $5,214,000 after acquiring an additional 239,193 shares in the last quarter. Northpointe Capital LLC increased its position in shares of Earthstone Energy by 25.3% during the second quarter. Northpointe Capital LLC now owns 696,861 shares of the company’s stock worth $6,976,000 after acquiring an additional 140,858 shares in the last quarter. Columbia Pacific Advisors LLC bought a new stake in shares of Earthstone Energy during the second quarter worth about $1,337,000. Finally, Ameriprise Financial Inc. increased its position in shares of Earthstone Energy by 32.2% during the second quarter. Ameriprise Financial Inc. now owns 388,040 shares of the company’s stock worth $3,884,000 after acquiring an additional 94,469 shares in the last quarter.
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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