Shares of Earthstone Energy Inc (NASDAQ:ESTE) hit a new 52-week low on Monday . The stock traded as low as $8.32 and last traded at $8.53, with a volume of 130,319 shares traded. The stock had previously closed at $8.55.

Several analysts have recently weighed in on ESTE shares. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $16.00 price target (down previously from $19.00) on shares of Earthstone Energy in a research note on Thursday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Earthstone Energy in a research note on Thursday, June 30th. FBR & Co reaffirmed a “buy” rating and issued a $20.00 price target on shares of Earthstone Energy in a research note on Thursday, June 16th. Imperial Capital reaffirmed an “outperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Earthstone Energy in a research note on Friday, July 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Earthstone Energy in a research note on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Earthstone Energy presently has an average rating of “Buy” and a consensus price target of $14.50.

The company’s market cap is $184.64 million. The company’s 50 day moving average is $9.99 and its 200 day moving average is $11.47.

A number of hedge funds have recently added to or reduced their stakes in ESTE. BlackRock Institutional Trust Company N.A. raised its stake in Earthstone Energy by 21.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,352 shares of the company’s stock valued at $101,000 after buying an additional 1,640 shares in the last quarter. Bridgeway Capital Management Inc. raised its stake in Earthstone Energy by 21.3% in the second quarter. Bridgeway Capital Management Inc. now owns 57,052 shares of the company’s stock valued at $615,000 after buying an additional 10,000 shares in the last quarter. BlackRock Fund Advisors raised its stake in Earthstone Energy by 47.5% in the second quarter. BlackRock Fund Advisors now owns 45,027 shares of the company’s stock valued at $485,000 after buying an additional 14,499 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Earthstone Energy during the second quarter valued at about $193,000. Finally, KCG Holdings Inc. acquired a new stake in Earthstone Energy during the second quarter valued at about $194,000.

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.

5 Day Chart for NASDAQ:ESTE

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