Earthstone Energy (ESTE) Given a $15.00 Price Target at Robert W. Baird

Earthstone Energy (NYSE:ESTE) has been assigned a $15.00 target price by Robert W. Baird in a report released on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Robert W. Baird’s target price points to a potential upside of 61.99% from the stock’s previous close.

Several other analysts also recently weighed in on the company. BidaskClub raised Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Northland Securities set a $14.00 target price on Earthstone Energy and gave the company a “buy” rating in a research note on Monday, December 11th. Roth Capital set a $16.00 target price on Earthstone Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded Earthstone Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co initiated coverage on Earthstone Energy in a research note on Thursday, November 30th. They issued an “outperform” rating and a $12.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Earthstone Energy currently has a consensus rating of “Buy” and an average target price of $14.45.

Shares of Earthstone Energy (NYSE ESTE) traded down $0.46 during trading on Thursday, reaching $9.26. The company’s stock had a trading volume of 250,311 shares, compared to its average volume of 160,515. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.11. The company has a market cap of $616.51, a P/E ratio of -4.35 and a beta of 1.15. Earthstone Energy has a 52-week low of $7.85 and a 52-week high of $15.50.

Several institutional investors and hedge funds have recently bought and sold shares of ESTE. Schwab Charles Investment Management Inc. bought a new stake in shares of Earthstone Energy in the 2nd quarter worth $187,000. Bank of New York Mellon Corp raised its stake in shares of Earthstone Energy by 153.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,661 shares of the oil and gas producer’s stock worth $427,000 after buying an additional 25,813 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Earthstone Energy by 144.8% in the 2nd quarter. Teachers Advisors LLC now owns 19,147 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 11,327 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Earthstone Energy by 987.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 42,328 shares of the oil and gas producer’s stock worth $424,000 after buying an additional 38,436 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Earthstone Energy by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 388,040 shares of the oil and gas producer’s stock worth $3,884,000 after buying an additional 94,469 shares in the last quarter. 13.84% of the stock is currently owned by institutional investors.

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About Earthstone Energy

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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