Earthstone Energy, Inc. (ESTE) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Earthstone Energy, Inc. (NYSE:ESTE) have received an average rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.20.
Several research firms have recently weighed in on ESTE. Roth Capital set a $16.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research raised Earthstone Energy from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Wells Fargo & Company began coverage on Earthstone Energy in a report on Thursday. They issued an “outperform” rating and a $12.00 target price for the company. Robert W. Baird reissued a “buy” rating on shares of Earthstone Energy in a report on Sunday, September 17th. Finally, Northland Securities set a $18.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Monday, August 21st.
Shares of Earthstone Energy (NYSE ESTE) opened at $9.33 on Friday. Earthstone Energy has a fifty-two week low of $7.85 and a fifty-two week high of $15.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $584.11, a PE ratio of 11.22 and a beta of 1.39.
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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