Earthstone Energy Inc (NYSEMKT:ESTE) shares were down -1.51% on Tuesday when approximately 787,260.00 shares were traded, against the average daily trading volume of 64,218.00. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Earthstone Energy Inc (NYSEMKT:ESTE) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 0 have assigned a hold rating, 1 says it’s a buy, and 7 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $18.27 in the 12-month period. The price objective is 40.32% higher than the recent closing price of $13.02. The 52-week price range is $7.67-$15.93 and the company has a market capitalization of $290.22 billion.
Earthstone Energy, Inc., an independent oil and natural gas exploration and production company, focuses on the acquisition, development, exploration, and production of onshore, crude oil, and natural gas reserves in the United States. Its asset portfolio includes the Eagle Ford trend of south Texas; and the Williston Basin of North Dakota and Montana, as well as other operated and non-operated properties in east and south Texas, and eastern Oklahoma. As of December 31, 2015, the company operated 62 gross Eagle Ford wells; and 8 gross Austin Chalk wells, as well as had 12,574 thousand barrels of oil equivalent (MBOE) of total proved reserves, 8,613 MBOE of proved developed reserves, and 3,961 MBOE of proved undeveloped reserves. Earthstone Energy, Inc. was founded in 1969 and is headquartered in The Woodlands, Texas.