Earthstone Energy (NYSE:ESTE) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

A number of other equities analysts also recently commented on the company. Imperial Capital lifted their target price on Earthstone Energy from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Tuesday, October 9th. Northland Securities set a $14.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, August 8th. SunTrust Banks set a $13.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Seaport Global Securities reiterated a “buy” rating on shares of Earthstone Energy in a research report on Wednesday, July 25th. Finally, Royal Bank of Canada assumed coverage on Earthstone Energy in a research report on Monday, July 9th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Earthstone Energy presently has an average rating of “Buy” and an average target price of $13.44.

Shares of Earthstone Energy stock opened at $9.41 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $602.03 million, a P/E ratio of 14.04, a PEG ratio of 0.46 and a beta of 1.35. Earthstone Energy has a fifty-two week low of $7.45 and a fifty-two week high of $12.16.

Earthstone Energy (NYSE:ESTE) last issued its earnings results on Monday, August 6th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). Earthstone Energy had a net margin of 6.79% and a return on equity of 2.47%. The company had revenue of $37.15 million during the quarter, compared to analyst estimates of $39.19 million. Equities research analysts anticipate that Earthstone Energy will post 0.63 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Globeflex Capital L P acquired a new position in shares of Earthstone Energy during the second quarter worth approximately $120,000. Strs Ohio acquired a new position in shares of Earthstone Energy during the third quarter worth approximately $186,000. Engineers Gate Manager LP bought a new stake in Earthstone Energy during the second quarter worth approximately $196,000. Mesirow Financial Investment Management Inc. bought a new stake in Earthstone Energy during the second quarter worth approximately $247,000. Finally, American Century Companies Inc. bought a new stake in Earthstone Energy during the second quarter worth approximately $293,000. Institutional investors and hedge funds own 74.90% of the company’s stock.

Earthstone Energy Company Profile

Earthstone Energy, Inc, an oil and natural gas development and production company, operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2017, the company operated 91 gross Eagle Ford wells; and 12 gross Austin Chalk wells, as well as had 79,976 thousand barrels of oil equivalent (MBOE) of total proved reserves, 19,961 MBOE of proved developed reserves, and 60,015 MBOE of proved undeveloped reserves.

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Analyst Recommendations for Earthstone Energy (NYSE:ESTE)

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