News stories about Earthstone Energy (NYSE:ESTE) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Earthstone Energy earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 45.631924103689 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Earthstone Energy (NYSE:ESTE) opened at $11.24 on Friday. Earthstone Energy has a one year low of $7.85 and a one year high of $15.50. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.11. The stock has a market cap of $714.39, a price-to-earnings ratio of -5.28 and a beta of 1.38.
Several analysts have recently issued reports on ESTE shares. 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 stock a “buy” rating in a research note on Thursday, October 12th. Seaport Global Securities upgraded shares of Earthstone Energy from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, December 5th. BidaskClub upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Robert W. Baird set a $14.00 target price on shares of Earthstone Energy and gave the stock a “buy” rating in a research note on Friday, October 20th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.45.
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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