Shares of Earthstone Energy Inc (NYSEMKT:ESTE) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the firm. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.50.

A number of brokerages have commented on ESTE. FBR & Co reduced their target price on shares of Earthstone Energy from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. Imperial Capital reduced their price target on shares of Earthstone Energy from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, July 8th.

Earthstone Energy (NYSEMKT:ESTE) traded up 2.49% during trading on Friday, hitting $9.05. 34,317 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.29 and its 200 day moving average price is $11.16. The stock’s market cap is $201.57 million. Earthstone Energy has a 12 month low of $7.67 and a 12 month high of $18.50.

About Earthstone Energy

Earthstone Energy, Inc is an independent oil and natural gas exploration and production company. The Company is focused on the acquisition, development, exploration and production of onshore, crude oil and natural gas reserves. The Company’s operations are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States.

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