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.
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.
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