Earthstone Energy Inc (NASDAQ:ESTE) has been given a $18.00 target price by equities research analysts at Canaccord Genuity in a research note issued on Friday. The brokerage currently has a a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 37.93% from the company’s current price.

Other analysts have also issued research reports about the stock. FBR & Co reaffirmed an “outperform” rating and set a $17.00 price target (up previously from $14.00) on shares of Earthstone Energy in a research report on Thursday, November 10th. Seaport Global Securities raised shares of Earthstone Energy from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $13.00 to $16.00 in a research report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.33.

Analyst Recommendations for Earthstone Energy (NASDAQ:ESTE)

Earthstone Energy (NASDAQ:ESTE) opened at 13.05 on Friday. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $18.50. The company’s market cap is $290.66 million. The company has a 50-day moving average price of $9.50 and a 200 day moving average price of $10.61.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its stake in shares of Earthstone Energy by 21.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,352 shares of the company’s stock worth $101,000 after buying an additional 1,640 shares during the last quarter. Morgan Stanley raised its stake in shares of Earthstone Energy by 7.4% in the third quarter. Morgan Stanley now owns 46,729 shares of the company’s stock worth $402,000 after buying an additional 3,212 shares during the last quarter. Highbridge Capital Management LLC raised its stake in shares of Earthstone Energy by 17.8% in the third quarter. Highbridge Capital Management LLC now owns 22,470 shares of the company’s stock worth $193,000 after buying an additional 3,396 shares during the last quarter. Northern Trust Corp raised its stake in shares of Earthstone Energy by 45.5% in the third quarter. Northern Trust Corp now owns 22,207 shares of the company’s stock worth $191,000 after buying an additional 6,944 shares during the last quarter. Finally, Bridgeway Capital Management Inc. raised its stake in shares of Earthstone Energy by 21.3% in the second quarter. Bridgeway Capital Management Inc. now owns 57,052 shares of the company’s stock worth $615,000 after buying an additional 10,000 shares during the last quarter.

Earthstone Energy Company Profile

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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