The Earthstone Energy Inc (ESTE) Receives $16.88 Consensus Price Target from Brokerages

The Earthstone Energy Inc (ESTE) Receives $16.88 Consensus Price Target from Brokerages

Several research firms have issued reports on ESTE. Roth Capital set a $19.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Saturday, March 18th. Canaccord Genuity set a $18.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a research report on Saturday, February 11th. Zacks Investment Research lowered shares of Earthstone Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Finally, FBR & Co dropped their target price on shares of Earthstone Energy from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, February 14th.

Shares of Earthstone Energy Inc (ARCA:ESTE) have been given an average rating of “Buy” by the nine brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.88.

Several institutional investors have recently made changes to their positions in ESTE. Dimensional Fund Advisors LP acquired a new position in shares of Earthstone Energy during the fourth quarter worth $233,000. Oberweis Asset Management Inc. increased its position in shares of Earthstone Energy by 19.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 69,253 shares of the oil and gas producer’s stock worth $952,000 after buying an additional 11,253 shares in the last quarter. Finally, Amtrust Financial Services Inc. acquired a new position in shares of Earthstone Energy during the fourth quarter worth $1,420,000. 19.96% of the stock is owned by institutional investors and hedge funds. 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. Receive News & 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 companies with our FREE daily email newsletter.

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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