Q3 2017 EPS Estimates for Earthstone Energy Inc (ESTE) Decreased by Analyst
Earthstone Energy Inc (NASDAQ:ESTE) – SunTrust Banks dropped their Q3 2017 earnings per share estimates for shares of Earthstone Energy in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.05. SunTrust Banks currently has a “Buy” rating and a $15.00 target price on the stock. SunTrust Banks also issued estimates for Earthstone Energy’s Q4 2017 earnings at $0.05 EPS.
ESTE has been the topic of a number of other research reports. Zacks Investment Research raised shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, October 17th. BidaskClub raised shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Roth Capital set a $16.00 price objective on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird set a $14.00 price objective on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Friday. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Earthstone Energy in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.14.
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Earthstone Energy (NASDAQ:ESTE) opened at 9.04 on Monday. The company’s market capitalization is $207.03 million. Earthstone Energy has a 52-week low of $8.02 and a 52-week high of $15.70. The firm has a 50 day moving average of $10.40 and a 200-day moving average of $11.01.
Several hedge funds and other institutional investors have recently modified their holdings of ESTE. Schwab Charles Investment Management Inc. acquired a new stake in shares of Earthstone Energy during the 2nd quarter worth approximately $187,000. Northpointe Capital LLC grew its stake in shares of Earthstone Energy by 25.3% during the 2nd quarter. Northpointe Capital LLC now owns 696,861 shares of the company’s stock worth $6,976,000 after purchasing an additional 140,858 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Earthstone Energy by 153.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 42,661 shares of the company’s stock worth $427,000 after purchasing an additional 25,813 shares during the period. Victory Capital Management Inc. grew its stake in shares of Earthstone Energy by 4.8% during the 2nd quarter. Victory Capital Management Inc. now owns 107,586 shares of the company’s stock worth $1,077,000 after purchasing an additional 4,910 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Earthstone Energy by 126,489.0% during the 2nd quarter. Wells Fargo & Company MN now owns 854,476 shares of the company’s stock worth $8,553,000 after purchasing an additional 853,801 shares during the period.
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.
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