Earthstone Energy (ESTE) Rating Reiterated by SunTrust Banks
SunTrust Banks reaffirmed their buy rating on shares of Earthstone Energy (NYSE:ESTE) in a research report report published on Tuesday morning. SunTrust Banks currently has a $14.00 price objective on the oil and gas producer’s stock. SunTrust Banks also issued estimates for Earthstone Energy’s Q4 2017 earnings at $0.09 EPS, FY2018 earnings at $0.52 EPS, FY2019 earnings at $0.84 EPS and FY2020 earnings at $1.14 EPS.
Several other analysts also recently weighed in on ESTE. Roth Capital set a $16.00 target price on Earthstone Energy and gave the stock a buy rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded Earthstone Energy from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, October 17th. Robert W. Baird set a $14.00 target price on Earthstone Energy and gave the stock a buy rating in a research report on Friday, October 20th. BidaskClub upgraded Earthstone Energy from a sell rating to a hold rating in a report on Thursday, November 9th. Finally, Wells Fargo & Co started coverage on Earthstone Energy in a report on Thursday, November 30th. They issued an outperform rating and a $12.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $14.27.
Shares of Earthstone Energy (NYSE:ESTE) opened at $9.70 on Tuesday. Earthstone Energy has a 52-week low of $7.85 and a 52-week high of $15.50. The firm has a market capitalization of $608.25, a price-to-earnings ratio of 11.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59.
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Earthstone Energy Company Profile
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.
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