Earthstone Energy Inc (ARCA:ESTE) Earns Outperform Rating from Analysts at Imperial Capital

Imperial Capital assumed coverage on shares of Earthstone Energy Inc (ARCA:ESTE) in a research note issued to investors on Tuesday, August 1st, StockTargetPrices.com reports. The brokerage issued an outperform rating and a $13.00 price objective on the oil and gas producer’s stock.

Separately, Seaport Global Securities cut shares of Earthstone Energy from a buy rating to a neutral rating and decreased their price objective for the company from $17.00 to $11.00 in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $15.88.

Shares of Earthstone Energy (ESTE) opened at 8.99 on Tuesday. The firm’s market cap is $205.88 million. Earthstone Energy has a 52-week low of $7.67 and a 52-week high of $15.70. The company has a 50 day moving average price of $9.53 and a 200-day moving average price of $11.90.

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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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