Schwab Charles Investment Management Inc. purchased a new position in shares of Earthstone Energy Inc (NASDAQ:ESTE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,600 shares of the company’s stock, valued at approximately $187,000. Schwab Charles Investment Management Inc. owned approximately 0.08% of Earthstone Energy at the end of the most recent reporting period.
Shares of Earthstone Energy Inc (NASDAQ ESTE) opened at $9.00 on Tuesday. Earthstone Energy Inc has a 52 week low of $7.85 and a 52 week high of $15.70.
ESTE has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, October 17th. Roth Capital set a $16.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Robert W. Baird set a $14.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, SunTrust Banks, Inc. set a $15.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.14.
Earthstone Energy 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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