Shares of Earthstone Energy Inc (ARCA:ESTE) have been given an average rating of “Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.00.

Several analysts have commented on the company. Seaport Global Securities lowered Earthstone Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $11.00 in a report on Wednesday, June 21st. Imperial Capital assumed coverage on Earthstone Energy in a report on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 price objective on the stock.

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Earthstone Energy (ARCA ESTE) opened at 10.40 on Friday. The company has a 50-day moving average price of $10.37 and a 200-day moving average price of $11.09. The stock’s market capitalization is $238.17 million. Earthstone Energy has a 12-month low of $8.02 and a 12-month high of $15.70.

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 (ARCA:ESTE)

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