Earthstone Energy Inc (NYSE:ESTE) – SunTrust Banks raised their Q4 2017 earnings estimates for Earthstone Energy in a research note issued on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings per share of $0.09 for the quarter, up from their prior forecast of $0.03. SunTrust Banks has a “Buy” rating and a $14.00 price target on the stock. SunTrust Banks also issued estimates for Earthstone Energy’s FY2018 earnings at $0.52 EPS and FY2019 earnings at $0.84 EPS.

A number of other brokerages have also commented on ESTE. Robert W. Baird set a $14.00 price target on Earthstone Energy and gave the company a “buy” rating in a research note on Friday, October 20th. KLR Group started coverage on Earthstone Energy in a research note on Thursday. They set a “buy” rating and a $17.00 price target for the company. BidaskClub raised Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co started coverage on Earthstone Energy in a research note on Thursday, November 30th. They set an “outperform” rating and a $12.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Earthstone Energy currently has an average rating of “Buy” and an average target price of $14.45.

Earthstone Energy (NYSE ESTE) opened at $9.26 on Thursday. Earthstone Energy has a one year low of $7.85 and a one year high of $15.50. The company has a market capitalization of $588.56, a P/E ratio of -4.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59.

Several large investors have recently bought and sold shares of ESTE. Vanguard Group Inc. lifted its stake in shares of Earthstone Energy by 84.9% in the 2nd quarter. Vanguard Group Inc. now owns 520,807 shares of the oil and gas producer’s stock valued at $5,214,000 after purchasing an additional 239,193 shares during the last quarter. Northpointe Capital LLC lifted its stake in shares of Earthstone Energy by 42.3% in the 4th quarter. Northpointe Capital LLC now owns 739,807 shares of the oil and gas producer’s stock valued at $7,864,000 after purchasing an additional 220,063 shares during the last quarter. JBF Capital Inc. bought a new stake in shares of Earthstone Energy in the 4th quarter valued at approximately $1,601,000. BlackRock Inc. lifted its stake in shares of Earthstone Energy by 14.9% in the 4th quarter. BlackRock Inc. now owns 1,065,961 shares of the oil and gas producer’s stock valued at $11,330,000 after purchasing an additional 138,451 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Earthstone Energy by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 388,040 shares of the oil and gas producer’s stock valued at $3,884,000 after purchasing an additional 94,469 shares during the last quarter. 13.84% of the stock is owned by institutional investors and hedge funds.

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About Earthstone Energy

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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