Earthstone Energy (NYSE:ESTE) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other research firms have also commented on ESTE. Robert W. Baird set a $14.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a report on Friday, October 20th. BidaskClub upgraded shares of Earthstone Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Wells Fargo & Co initiated coverage on shares of Earthstone Energy in a report on Thursday, November 30th. They set an “outperform” rating and a $12.00 price target for the company. Roth Capital set a $16.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Northland Securities set a $14.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.45.

Shares of Earthstone Energy (NYSE ESTE) opened at $10.63 on Friday. Earthstone Energy has a 1-year low of $7.85 and a 1-year 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 cap of $675.62, a price-to-earnings ratio of -4.99 and a beta of 1.38.

A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in Earthstone Energy by 126,489.0% during 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 purchasing an additional 853,801 shares during the period. Wasatch Advisors Inc. increased its position in Earthstone Energy by 7.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 841,411 shares of the oil and gas producer’s stock valued at $9,247,000 after purchasing an additional 59,798 shares during the period. Vanguard Group Inc. increased its position in Earthstone Energy by 84.9% during 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 period. Ameriprise Financial Inc. increased its position in Earthstone Energy by 32.2% during 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 period. Finally, Sanders Morris Harris LLC increased its position in Earthstone Energy by 75.3% during the 3rd quarter. Sanders Morris Harris LLC now owns 151,563 shares of the oil and gas producer’s stock valued at $1,666,000 after purchasing an additional 65,093 shares during the period. 13.41% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Earthstone Energy (ESTE) Downgraded to “Hold” at ValuEngine” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/earthstone-energy-este-downgraded-to-hold-at-valuengine/1790119.html.

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 (NYSE:ESTE)

Receive News & Ratings for Earthstone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Earthstone Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.