Shares of Earthstone Energy Inc (NASDAQ:ESTE) have been given an average broker rating score of 1.25 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and seven have issued a strong buy rating on the company. Earthstone Energy’s rating score has declined by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a one year consensus target price of $15.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Earthstone Energy an industry rank of 153 out of 265 based on the ratings given to its competitors.

A number of brokerages have commented on ESTE. Seaport Global Securities lowered Earthstone Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $11.00 in a research report on Wednesday, June 21st. Imperial Capital began coverage on Earthstone Energy in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 price objective on the stock. Northland Securities set a $18.00 price objective on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Roth Capital set a $19.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Earthstone Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.

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Earthstone Energy (ESTE) traded down 8.00% during mid-day trading on Friday, hitting $9.54. The stock had a trading volume of 97,575 shares. The stock has a 50 day moving average of $9.49 and a 200-day moving average of $11.53. The firm’s market cap is $218.48 million. Earthstone Energy has a 1-year low of $7.67 and a 1-year high of $15.70.

In other news, EVP Robert John Anderson sold 15,000 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the transaction, the executive vice president now directly owns 85,613 shares in the company, valued at approximately $856,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in Earthstone Energy during the 2nd quarter worth $105,000. New York State Common Retirement Fund raised its stake in Earthstone Energy by 849.2% during the 2nd quarter. New York State Common Retirement Fund now owns 11,400 shares of the company’s stock worth $114,000 after buying an additional 10,199 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Earthstone Energy during the 2nd quarter worth $120,000. Brandywine Global Investment Management LLC acquired a new stake in Earthstone Energy during the 2nd quarter worth $122,000. Finally, California State Teachers Retirement System raised its stake in Earthstone Energy by 295.2% during the 2nd quarter. California State Teachers Retirement System now owns 17,537 shares of the company’s stock worth $176,000 after buying an additional 13,100 shares during the period.

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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