Earthstone Energy Inc (NYSE:ESTE) – Stock analysts at Seaport Global Securities boosted their Q4 2017 EPS estimates for shares of Earthstone Energy in a report released on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.01. Seaport Global Securities currently has a “Buy” rating and a $11.00 target price on the stock. Seaport Global Securities also issued estimates for Earthstone Energy’s Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.10 EPS and FY2018 earnings at $0.28 EPS.
Other research analysts have also issued reports about the company. Roth Capital set a $16.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research report on Monday, October 30th. Robert W. Baird set a $14.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research report on Friday, October 20th. SunTrust Banks set a $15.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, October 17th. Finally, Northland Securities reiterated a “buy” rating and issued a $18.00 target price on shares of Earthstone Energy in a report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.55.
Earthstone Energy (NYSE:ESTE) traded up $0.31 on Thursday, hitting $11.71. The stock had a trading volume of 176,128 shares, compared to its average volume of 174,769. Earthstone Energy has a 1-year low of $7.85 and a 1-year high of $15.50. The stock has a market capitalization of $744.28, a price-to-earnings ratio of -5.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59.
A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Earthstone Energy by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 35,607 shares of the oil and gas producer’s stock valued at $356,000 after purchasing an additional 2,787 shares during the period. Victory Capital Management Inc. boosted its holdings in Earthstone Energy by 4.8% in the second quarter. Victory Capital Management Inc. now owns 107,586 shares of the oil and gas producer’s stock valued at $1,077,000 after purchasing an additional 4,910 shares during the period. American International Group Inc. boosted its holdings in Earthstone Energy by 109.0% in the third quarter. American International Group Inc. now owns 12,796 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 6,673 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Earthstone Energy by 61.8% in the second quarter. Parametric Portfolio Associates LLC now owns 24,916 shares of the oil and gas producer’s stock valued at $249,000 after purchasing an additional 9,519 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Earthstone Energy by 849.2% during the 2nd quarter. New York State Common Retirement Fund now owns 11,400 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 10,199 shares during the last quarter. Hedge funds and other institutional investors own 13.41% of the company’s stock.
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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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