Earthstone Energy Inc (NASDAQ:ESTE) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.50.

A number of research firms have recently issued reports on ESTE. Roth Capital set a $19.00 price objective on shares of Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Northland Securities set a $18.00 price objective on shares of Earthstone Energy and gave the stock a “buy” rating in a research report on Monday, July 17th. BidaskClub raised shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating on shares of Earthstone Energy in a research report on Sunday, September 17th. Finally, Zacks Investment Research raised shares of Earthstone Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.

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In other news, EVP Robert John Anderson sold 15,000 shares of the 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 transaction, the executive vice president now owns 85,613 shares of the company’s stock, valued at approximately $856,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Earthstone Energy during the 2nd quarter worth about $105,000. New York State Common Retirement Fund boosted its position 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 worth $114,000 after purchasing an additional 10,199 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Earthstone Energy during the 2nd quarter worth about $120,000. Brandywine Global Investment Management LLC bought a new position in shares of Earthstone Energy during the 2nd quarter worth about $122,000. Finally, California State Teachers Retirement System boosted its position 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 worth $176,000 after purchasing an additional 13,100 shares in the last quarter.

Shares of Earthstone Energy (NASDAQ ESTE) opened at 10.80 on Thursday. The firm’s market cap is $247.33 million. Earthstone Energy has a 1-year low of $8.02 and a 1-year high of $15.70. The firm has a 50 day moving average price of $10.28 and a 200 day moving average price of $11.12.

Earthstone Energy Company 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.

Analyst Recommendations for Earthstone Energy (NASDAQ:ESTE)

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