Earthstone Energy (NYSE:ESTE) received a $14.00 target price from analysts at Northland Securities in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Northland Securities’ price objective points to a potential upside of 55.38% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Roth Capital set a $16.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research raised shares of Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Earthstone Energy in a research note on Sunday, September 17th. SunTrust Banks set a $15.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Wells Fargo & Company assumed coverage on shares of Earthstone Energy in a research note on Thursday, November 30th. They set an “outperform” rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.55.

Shares of Earthstone Energy (ESTE) traded down $0.08 during midday trading on Monday, hitting $9.01. 128,300 shares of the company’s stock were exchanged, compared to its average volume of 131,838. Earthstone Energy has a fifty-two week low of $7.85 and a fifty-two week high of $15.50. The company has a market capitalization of $572.66, a P/E ratio of 11.12 and a beta of 1.38. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.11.

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Earthstone Energy during the second quarter valued at approximately $105,000. New York State Common Retirement Fund grew its holdings in shares of Earthstone Energy by 849.2% during the second quarter. New York State Common Retirement Fund now owns 11,400 shares of the oil and gas producer’s stock valued at $114,000 after buying an additional 10,199 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Earthstone Energy during the second quarter valued at approximately $120,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Earthstone Energy during the second quarter valued at approximately $122,000. Finally, Rhumbline Advisers purchased a new stake in shares of Earthstone Energy during the third quarter valued at approximately $135,000. Hedge funds and other institutional investors own 13.43% of the company’s stock.

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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 (NYSE:ESTE)

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