Shares of Earthstone Energy Inc (NYSEMKT:ESTE) have earned an average recommendation of “Buy” from the thirteen brokerages that are covering the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.50.

A number of analysts have recently weighed in on ESTE shares. Imperial Capital decreased their price target on shares of Earthstone Energy from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, July 8th. FBR & Co decreased their price objective on shares of Earthstone Energy from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th.

Shares of Earthstone Energy (NYSEMKT:ESTE) traded up 2.49% during trading on Friday, reaching $9.05. 34,317 shares of the company’s stock were exchanged. The stock’s market capitalization is $201.57 million. The company’s 50-day moving average is $9.29 and its 200 day moving average is $11.16. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $18.50.

About Earthstone Energy

Earthstone Energy, Inc is an independent oil and natural gas exploration and production company. The Company is focused on the acquisition, development, exploration and production of onshore, crude oil and natural gas reserves. The Company’s operations are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States.

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