Northpointe Capital LLC Has $6,045,000 Stake in Earthstone Energy Inc (ESTE)
Northpointe Capital LLC boosted its position in shares of Earthstone Energy Inc (NASDAQ:ESTE) by 73.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,778 shares of the company’s stock after buying an additional 237,116 shares during the period. Northpointe Capital LLC’s holdings in Earthstone Energy were worth $6,045,000 as of its most recent SEC filing.
Separately, American Century Companies Inc. purchased a new position in Earthstone Energy during the second quarter worth $3,787,000.
Shares of Earthstone Energy Inc (NASDAQ:ESTE) traded down 0.68% during mid-day trading on Tuesday, reaching $8.74. 76,228 shares of the company’s stock traded hands. Earthstone Energy Inc has a 12-month low of $7.67 and a 12-month high of $18.50. The stock’s market cap is $194.67 million. The firm’s 50 day moving average price is $9.45 and its 200-day moving average price is $11.23.
A number of research analysts recently weighed in on ESTE shares. Cantor Fitzgerald reissued a “buy” rating and set a $16.00 price target (down from $19.00) on shares of Earthstone Energy in a research report on Thursday, June 16th. FBR & Co reissued a “buy” rating and set a $20.00 price target on shares of Earthstone Energy in a research report on Thursday, June 16th. Robert W. Baird reissued a “neutral” rating and set a $11.00 price target on shares of Earthstone Energy in a research report on Thursday, June 30th. Roth Capital reissued a “buy” rating on shares of Earthstone Energy in a research report on Tuesday, July 12th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Earthstone Energy in a research report on Monday, June 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Earthstone Energy has an average rating of “Buy” and an average target price of $14.50.
Earthstone Energy Company Profile
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.
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