KLR Group began coverage on shares of Earthstone Energy (NYSE:ESTE) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $17.00 target price on the oil and gas producer’s stock.

A number of other brokerages have also commented on ESTE. Robert W. Baird set a $14.00 target price on Earthstone Energy and gave the company a buy rating in a research report on Friday, October 20th. BidaskClub upgraded Earthstone Energy from a sell rating to a hold rating in a research report on Thursday, November 9th. SunTrust Banks reiterated a buy rating and issued a $14.00 target price on shares of Earthstone Energy in a research report on Tuesday, February 6th. Wells Fargo & Co began coverage on Earthstone Energy in a report on Thursday, November 30th. They issued an outperform rating and a $12.00 price target for the company. Finally, Zacks Investment Research downgraded Earthstone Energy from a buy rating to a hold rating in a report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $14.45.

Shares of Earthstone Energy (ESTE) opened at $9.26 on Thursday. The company has a market capitalization of $588.55, a P/E ratio of -4.35 and a beta of 1.15. Earthstone Energy has a 52-week low of $7.85 and a 52-week high of $15.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.59 and a quick ratio of 0.59.

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in Earthstone Energy in the second quarter valued at approximately $105,000. New York State Common Retirement Fund lifted its holdings in Earthstone Energy by 849.2% in the second 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 acquiring an additional 10,199 shares during the period. Virtu KCG Holdings LLC acquired a new position in Earthstone Energy in the second quarter valued at approximately $120,000. Brandywine Global Investment Management LLC acquired a new position in Earthstone Energy in the second quarter valued at approximately $122,000. Finally, Virtu Financial LLC acquired a new position in Earthstone Energy in the fourth quarter valued at approximately $133,000. 13.84% of the stock is owned by institutional investors.

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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)

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