Earthstone Energy Inc (NASDAQ:ESTE)‘s stock had its “outperform” rating reissued by FBR & Co in a report issued on Thursday. They currently have a $17.00 price objective on the stock, up from their previous price objective of $14.00. FBR & Co’s target price indicates a potential upside of 32.19% from the stock’s current price.

Separately, Seaport Global Securities raised Earthstone Energy from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $13.00 to $16.00 in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $15.33.

Analyst Recommendations for Earthstone Energy (NASDAQ:ESTE)

Earthstone Energy (NASDAQ:ESTE) opened at 12.86 on Thursday. Earthstone Energy has a one year low of $7.67 and a one year high of $18.50. The company’s market capitalization is $286.43 million. The stock’s 50 day moving average price is $9.36 and its 200-day moving average price is $10.65.

Several hedge funds and other institutional investors have recently made changes to their positions in ESTE. Cortina Asset Management LLC bought a new position in shares of Earthstone Energy during the second quarter worth about $2,786,000. Victory Capital Management Inc. bought a new position in shares of Earthstone Energy during the second quarter worth about $634,000. Northpointe Capital LLC increased its position in shares of Earthstone Energy by 73.3% in the second quarter. Northpointe Capital LLC now owns 560,778 shares of the company’s stock worth $6,045,000 after buying an additional 237,116 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Earthstone Energy during the second quarter worth about $3,787,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Earthstone Energy during the second quarter worth about $2,822,000.

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.

5 Day Chart for NASDAQ:ESTE

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