Robert W. Baird Upgrades Earthstone Energy Inc (ESTE) to “Outperform”
Earthstone Energy Inc (AMEX:ESTE) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Monday. The brokerage presently has a $16.00 price objective on the stock, up from their previous price objective of $11.00. Robert W. Baird’s target price points to a potential upside of 11.27% from the company’s current price.
A number of other equities research analysts also recently issued reports on ESTE. Canaccord Genuity set a $18.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Friday, November 11th. Seaport Global Securities upgraded 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. Finally, FBR & Co reiterated an “outperform” rating and set a $17.00 price target (up from $14.00) on shares of Earthstone Energy in a research report on Thursday, November 10th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.30.
Shares of Earthstone Energy (AMEX:ESTE) opened at 14.38 on Monday. The firm’s market cap is $320.29 million. The stock has a 50 day moving average price of $10.44 and a 200-day moving average price of $10.67. Earthstone Energy has a 52-week low of $7.67 and a 52-week 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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