Earthstone Energy Inc (NASDAQ:ESTE) – Equities researchers at Imperial Capital raised their FY2018 earnings estimates for shares of Earthstone Energy in a note issued to investors on Friday. Imperial Capital analyst J. Wangler now anticipates that the company will post earnings of $0.34 per share for the year, up from their prior estimate of $0.33. Imperial Capital currently has a “Outperform” rating and a $13.00 price target on the stock.

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ESTE has been the topic of a number of other research reports. Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, October 17th. Roth Capital set a $16.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Northland Securities set a $18.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. SunTrust Banks, Inc. set a $15.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research note on Friday. Finally, BidaskClub upgraded Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.14.

Shares of Earthstone Energy (NASDAQ ESTE) opened at 9.04 on Monday. The firm’s market capitalization is $207.03 million. The firm has a 50-day moving average price of $10.40 and a 200-day moving average price of $11.01. Earthstone Energy has a 52 week low of $8.02 and a 52 week high of $15.70.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC boosted its stake in shares of Earthstone Energy by 75.3% during the 3rd quarter. Sanders Morris Harris LLC now owns 151,563 shares of the company’s stock worth $1,666,000 after acquiring an additional 65,093 shares in the last quarter. California State Teachers Retirement System boosted its stake 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 acquiring an additional 13,100 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of Earthstone Energy by 17.4% during the 2nd quarter. Argent Capital Management LLC now owns 138,765 shares of the company’s stock worth $1,389,000 after acquiring an additional 20,550 shares in the last quarter. State Street Corp boosted its stake in shares of Earthstone Energy by 62.0% during the 2nd quarter. State Street Corp now owns 61,391 shares of the company’s stock worth $614,000 after acquiring an additional 23,506 shares in the last quarter. Finally, Columbia Pacific Advisors LLC bought a new stake in shares of Earthstone Energy during the 2nd quarter worth about $1,337,000.

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.

Earnings History and Estimates for Earthstone Energy (NASDAQ:ESTE)

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