Earthstone Energy Upgraded to “Buy” at TheStreet (ESTE)
The analysts wrote, “Earthstone Energy (AMEX:ESTE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Earthstone Energy (NASDAQ:ESTE) traded up 6.42% on Wednesday, hitting $32.50. The stock had a trading volume of 8,498 shares. Earthstone Energy has a one year low of $12.58 and a one year high of $35.00. The stock’s 50-day moving average is $28.16 and its 200-day moving average is $22.08. The company has a market cap of $56.2 million and a P/E ratio of 13.45.
Earthstone Energy, Inc (NASDAQ:ESTE), is a growth-oriented oil and gas exploration and production company primarily engaged in the exploration, development and production of oil and natural gas properties.
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