Shares of Earthstone Energy Inc (AMEX:ESTE) have been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the stock. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.44.

A number of brokerages have weighed in on ESTE. Seaport Global Securities raised shares of Earthstone Energy from an “accumulate” rating to a “buy” rating and raised their target price for the company from $13.00 to $16.00 in a research note on Wednesday, November 9th. FBR & Co reaffirmed an “outperform” rating and set a $17.00 target price (up previously from $14.00) on shares of Earthstone Energy in a research note on Thursday, November 10th. Robert W. Baird raised shares of Earthstone Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $11.00 to $16.00 in a research note on Monday, November 21st. Finally, Canaccord Genuity set a $18.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, November 11th.

Shares of Earthstone Energy (AMEX:ESTE) opened at 13.81 on Monday. Earthstone Energy has a 52-week low of $7.67 and a 52-week high of $18.50. The stock’s market cap is $307.59 million. The firm’s 50 day moving average price is $10.78 and its 200 day moving average price is $10.71.

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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.

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