Earthstone Energy Inc (NASDAQ:ESTE) shares gapped down prior to trading on Friday . The stock had previously closed at $8.88, but opened at $9.04. Earthstone Energy shares last traded at $9.07, with a volume of 261,370 shares changing hands.

Several brokerages have recently issued reports on ESTE. BidaskClub upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Northland Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Earthstone Energy in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday. Roth Capital set a $16.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Earthstone Energy in a research report on Sunday, September 17th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.14.

The company’s 50 day moving average is $10.42 and its 200-day moving average is $11.04. The firm’s market capitalization is $207.03 million.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Earthstone Energy during the second quarter valued at $105,000. New York State Common Retirement Fund boosted its holdings in shares of Earthstone Energy by 849.2% during the second quarter. New York State Common Retirement Fund now owns 11,400 shares of the company’s stock valued at $114,000 after acquiring an additional 10,199 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Earthstone Energy during the second quarter valued at $120,000. Brandywine Global Investment Management LLC acquired a new position in shares of Earthstone Energy during the second quarter valued at $122,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Earthstone Energy by 295.2% during the second quarter. California State Teachers Retirement System now owns 17,537 shares of the company’s stock valued at $176,000 after acquiring an additional 13,100 shares during the period.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/20/earthstone-energy-inc-este-shares-gap-down-to-9-04.html.

About Earthstone Energy

Earthstone Energy, Inc is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States.

Receive News & Stock Ratings for Earthstone Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Earthstone Energy Inc and related stocks with our FREE daily email newsletter.