Investment analysts at Stephens assumed coverage on shares of Earthstone Energy (NYSE:ESTE) in a research report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating and a $11.00 price target on the oil and gas producer’s stock. Stephens’ target price suggests a potential upside of 61.76% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Earthstone Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Imperial Capital reduced their price objective on shares of Earthstone Energy from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, August 8th. SunTrust Banks set a $14.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, Northland Securities set a $14.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.43.

NYSE:ESTE traded down $0.14 during mid-day trading on Thursday, reaching $6.80. The stock had a trading volume of 20,112 shares, compared to its average volume of 129,845. The stock has a market capitalization of $444.60 million, a price-to-earnings ratio of 4.76, a price-to-earnings-growth ratio of 0.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.37 and a quick ratio of 0.37. Earthstone Energy has a 12 month low of $6.62 and a 12 month high of $12.16.

Earthstone Energy (NYSE:ESTE) last issued its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $46.08 million for the quarter, compared to analyst estimates of $42.96 million. Earthstone Energy had a net margin of 5.33% and a return on equity of 2.75%. As a group, analysts anticipate that Earthstone Energy will post 0.71 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Globeflex Capital L P purchased a new position in shares of Earthstone Energy in the second quarter worth $120,000. GSA Capital Partners LLP bought a new position in Earthstone Energy during the third quarter valued at $123,000. AQR Capital Management LLC bought a new position in shares of Earthstone Energy in the third quarter worth about $137,000. Strs Ohio bought a new position in shares of Earthstone Energy in the third quarter worth about $186,000. Finally, Engineers Gate Manager LP bought a new position in shares of Earthstone Energy in the second quarter worth about $196,000. 20.88% of the stock is currently owned by institutional investors and hedge funds.

About Earthstone Energy

Earthstone Energy, Inc, an oil and natural gas development and production company, operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2017, the company operated 91 gross Eagle Ford wells; and 12 gross Austin Chalk wells, as well as had 79,976 thousand barrels of oil equivalent (MBOE) of total proved reserves, 19,961 MBOE of proved developed reserves, and 60,015 MBOE of proved undeveloped reserves.

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The Fly

Analyst Recommendations for Earthstone Energy (NYSE:ESTE)

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