Shares of Earthstone Energy Inc (NASDAQ:ESTE) have earned a consensus rating of “Buy” from the six research firms that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.50.

A number of research firms have recently commented on ESTE. Cantor Fitzgerald restated a “buy” rating on shares of Earthstone Energy in a research note on Saturday, June 4th. Robert W. Baird restated a “neutral” rating and set a $11.00 price objective on shares of Earthstone Energy in a research note on Thursday, June 30th. Roth Capital restated a “buy” rating on shares of Earthstone Energy in a research note on Tuesday, July 12th. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of Earthstone Energy in a research note on Thursday, June 16th. Finally, Canaccord Genuity restated a “buy” rating on shares of Earthstone Energy in a research note on Monday, June 20th.

Shares of Earthstone Energy (NASDAQ:ESTE) opened at 8.64 on Monday. The firm’s 50-day moving average price is $9.94 and its 200-day moving average price is $11.45. The firm’s market capitalization is $192.44 million. Earthstone Energy has a 12-month low of $8.25 and a 12-month high of $18.50.

Large investors have recently modified their holdings of the stock. American Century Companies Inc. purchased a new stake in shares of Earthstone Energy during the second quarter worth about $3,787,000. Northpointe Capital LLC boosted its stake in shares of Earthstone Energy by 73.3% in the second quarter. Northpointe Capital LLC now owns 560,778 shares of the company’s stock worth $6,045,000 after buying an additional 237,116 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Earthstone Energy during the second quarter worth about $797,000. Ameriprise Financial Inc. purchased a new stake in shares of Earthstone Energy during the second quarter worth about $2,822,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Earthstone Energy during the second quarter worth about $634,000.

About Earthstone Energy

Earthstone Energy, Inc is an independent oil and natural gas exploration and production company. The Company is focused on the acquisition, development, exploration and production of onshore, crude oil and natural gas reserves. The Company’s operations are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States.

5 Day Chart for NASDAQ:ESTE

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 MarketBeat.com's FREE daily email newsletter.