Earthstone Energy Inc (NASDAQ:ESTE)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a report released on Sunday.

Several other analysts also recently commented on ESTE. Seaport Global Securities downgraded shares of Earthstone Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $11.00 in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Earthstone Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Northland Securities set a $18.00 price objective on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Roth Capital set a $19.00 price objective on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Imperial Capital initiated coverage on shares of Earthstone Energy in a research report on Tuesday, August 1st. They set an “outperform” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.50.

Earthstone Energy (ESTE) opened at 10.13 on Friday. The stock’s market capitalization is $231.99 million. Earthstone Energy has a 12-month low of $7.67 and a 12-month high of $15.70. The company’s 50-day moving average is $9.60 and its 200 day moving average is $11.39.

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In other news, EVP Robert John Anderson sold 15,000 shares of the firm’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 sale, the executive vice president now owns 85,613 shares of the company’s stock, valued at approximately $856,130. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Earthstone Energy during the 2nd quarter valued at about $105,000. New York State Common Retirement Fund boosted its holdings in shares of 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 valued at $114,000 after acquiring an additional 10,199 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Earthstone Energy during the 2nd quarter valued at about $120,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Earthstone Energy during the 2nd quarter valued at about $122,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Earthstone Energy by 295.2% during the 2nd quarter. California State Teachers Retirement System now owns 17,537 shares of the company’s stock valued at $176,000 after acquiring an additional 13,100 shares during 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.

Analyst Recommendations for Earthstone Energy (NASDAQ:ESTE)

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