Earthstone Energy, Inc. (NYSE:ESTE) – Stock analysts at Imperial Capital reduced their FY2018 earnings per share (EPS) estimates for shares of Earthstone Energy in a report issued on Tuesday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas producer will earn $0.40 per share for the year, down from their prior forecast of $0.41. Imperial Capital has a “Outperform” rating and a $13.00 price objective on the stock.

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ESTE has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, October 17th. Roth Capital set a $16.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Robert W. Baird set a $14.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, SunTrust Banks, Inc. set a $15.00 target price on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, October 20th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.20.

Earthstone Energy (ESTE) traded up $0.35 during mid-day trading on Thursday, reaching $8.79. The company had a trading volume of 186,300 shares, compared to its average volume of 129,239. The company has a market cap of $558.67, a PE ratio of 10.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.59 and a quick ratio of 0.59. Earthstone Energy has a fifty-two week low of $7.85 and a fifty-two week high of $15.71.

A number of institutional investors have recently modified their holdings of ESTE. Dimensional Fund Advisors LP boosted its holdings in shares of Earthstone Energy by 8.5% during the 2nd 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 last quarter. Victory Capital Management Inc. boosted its holdings in shares of Earthstone Energy by 4.8% during the 2nd 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 last quarter. American International Group Inc. boosted its holdings in shares of Earthstone Energy by 109.0% during the 3rd 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 last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Earthstone Energy by 61.8% during the 2nd 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 last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of 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 valued at $114,000 after purchasing an additional 10,199 shares during the last quarter. 12.05% of the stock is owned by institutional investors.

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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