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.

Several hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. raised its holdings in shares of Earthstone Energy by 6.8% in the fourth quarter. Wasatch Advisors Inc. now owns 898,260 shares of the oil and gas producer’s stock valued at $9,549,000 after acquiring an additional 56,849 shares in the last quarter. Wells Fargo & Company MN grew its stake in Earthstone Energy by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 864,116 shares of the oil and gas producer’s stock valued at $9,185,000 after purchasing an additional 8,384 shares during the last quarter. Northpointe Capital LLC grew its stake in Earthstone Energy by 42.3% in the fourth quarter. Northpointe Capital LLC now owns 739,807 shares of the oil and gas producer’s stock valued at $7,864,000 after purchasing an additional 220,063 shares during the last quarter. Vanguard Group Inc. grew its stake in Earthstone Energy by 84.9% in the second quarter. Vanguard Group Inc. now owns 520,807 shares of the oil and gas producer’s stock valued at $5,214,000 after purchasing an additional 239,193 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Earthstone Energy by 32.2% in the second quarter. Ameriprise Financial Inc. now owns 388,040 shares of the oil and gas producer’s stock valued at $3,884,000 after purchasing an additional 94,469 shares during the last quarter. Hedge funds and other institutional investors own 13.84% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/02/09/earthstone-energy-este-rating-reiterated-by-suntrust-banks.html.

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.

Analyst Recommendations for Earthstone Energy (NYSE:ESTE)

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