Earthstone Energy Inc (NASDAQ:ESTE)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research report issued to clients and investors on Sunday.

Several other research firms also recently weighed in on ESTE. Seaport Global Securities downgraded shares of Earthstone Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $11.00 in a research report on Wednesday, June 21st. Northland Securities set a $18.00 target price on shares of Earthstone Energy and gave the stock a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research raised shares of Earthstone Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Roth Capital set a $19.00 target price on shares of Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Imperial Capital initiated coverage on shares of Earthstone Energy in a research report on Tuesday, August 1st. They set an “outperform” rating and a $13.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.50.

Earthstone Energy (NASDAQ ESTE) opened at 10.13 on Friday. The company’s market cap is $231.99 million. Earthstone Energy has a 12 month low of $7.67 and a 12 month high of $15.70. The company’s 50-day moving average is $9.60 and its 200-day moving average is $11.39.

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In other news, EVP Robert John Anderson sold 15,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the sale, the executive vice president now directly owns 85,613 shares of the company’s stock, valued at approximately $856,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $105,000. New York State Common Retirement Fund boosted its holdings in shares of Earthstone Energy by 849.2% in the 2nd quarter. New York State Common Retirement Fund now owns 11,400 shares of the company’s stock valued at $114,000 after acquiring an additional 10,199 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $120,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $122,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Earthstone Energy by 295.2% in the 2nd quarter. California State Teachers Retirement System now owns 17,537 shares of the company’s stock valued at $176,000 after acquiring an additional 13,100 shares during the last quarter.

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 (NASDAQ:ESTE)

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