Earthstone Energy Inc (NYSE:ESTE) – Equities researchers at Seaport Global Securities boosted their Q4 2017 EPS estimates for shares of Earthstone Energy in a report released on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.06. Seaport Global Securities has a “Buy” rating and a $11.00 price target on the stock.

Several other brokerages have also commented on ESTE. Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, January 8th. ValuEngine lowered Earthstone Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Roth Capital set a $16.00 price objective on Earthstone Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reiterated an “outperform” rating and set a $13.00 price objective (down previously from $14.00) on shares of Earthstone Energy in a report on Monday, December 18th. Finally, Wells Fargo & Co assumed coverage on Earthstone Energy in a report on Thursday, November 30th. They set an “outperform” rating and a $12.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Earthstone Energy presently has a consensus rating of “Buy” and a consensus target price of $14.10.

Shares of Earthstone Energy (ESTE) opened at $10.08 on Thursday. Earthstone Energy has a twelve month low of $7.85 and a twelve month high of $15.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $630.49, a price-to-earnings ratio of -4.73 and a beta of 1.38.

Earthstone Energy (NYSE:ESTE) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. Earthstone Energy had a return on equity of 2.66% and a net margin of 12.81%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESTE. Schwab Charles Investment Management Inc. acquired a new position in shares of Earthstone Energy in the 2nd quarter valued at $187,000. Bank of New York Mellon Corp increased its position in shares of Earthstone Energy by 153.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,661 shares of the oil and gas producer’s stock valued at $427,000 after acquiring an additional 25,813 shares during the period. Wells Fargo & Company MN increased its position in shares of Earthstone Energy by 126,489.0% in the 2nd quarter. Wells Fargo & Company MN now owns 854,476 shares of the oil and gas producer’s stock valued at $8,553,000 after acquiring an additional 853,801 shares during the period. Teachers Advisors LLC increased its position in shares of Earthstone Energy by 144.8% in the 2nd quarter. Teachers Advisors LLC now owns 19,147 shares of the oil and gas producer’s stock valued at $192,000 after acquiring an additional 11,327 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Earthstone Energy by 987.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 42,328 shares of the oil and gas producer’s stock valued at $424,000 after acquiring an additional 38,436 shares during the period. 13.84% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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