Roth Capital Analysts Give Earthstone Energy Inc (ESTE) a $16.00 Price Target

Roth Capital set a $16.00 target price on Earthstone Energy Inc (NASDAQ:ESTE) in a research note published on Monday morning. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on ESTE. Robert W. Baird set a $14.00 target price on shares of Earthstone Energy and gave the company a buy rating in a research report on Friday, October 20th. BidaskClub upgraded shares of Earthstone Energy from a hold rating to a buy rating in a research report on Tuesday, September 26th. Northland Securities set a $18.00 target price on shares of Earthstone Energy and gave the company a buy rating in a research report on Monday, July 17th. SunTrust Banks, Inc. set a $15.00 target price on shares of Earthstone Energy and gave the company a buy rating in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Earthstone Energy from a sell rating to a hold rating in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $14.14.

Earthstone Energy (NASDAQ ESTE) traded up $0.06 during mid-day trading on Monday, hitting $8.83. The company had a trading volume of 346,507 shares.

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Several institutional investors have recently made changes to their positions in ESTE. Schwab Charles Investment Management Inc. bought a new stake in shares of Earthstone Energy during the 2nd quarter valued at approximately $187,000. Northpointe Capital LLC grew its holdings in shares of Earthstone Energy by 25.3% during the 2nd quarter. Northpointe Capital LLC now owns 696,861 shares of the company’s stock valued at $6,976,000 after purchasing an additional 140,858 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Earthstone Energy by 153.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 42,661 shares of the company’s stock valued at $427,000 after purchasing an additional 25,813 shares during the last quarter. Victory Capital Management Inc. grew 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 company’s stock valued at $1,077,000 after purchasing an additional 4,910 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Earthstone Energy by 126,489.0% during the 2nd quarter. Wells Fargo & Company MN now owns 854,476 shares of the company’s stock valued at $8,553,000 after purchasing an additional 853,801 shares during the last quarter.

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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