Trade Report: Today, Robert W. Baird Upgraded Earthstone Energy Inc (ESTE) to “Outperform”

Today, Robert W. Baird Upgraded Earthstone Energy Inc (ESTE) to “Outperform”

Robert W. Baird upgraded shares of Earthstone Energy Inc (AMEX:ESTE) from a neutral rating to an outperform rating in a research note published on Monday morning. They currently have $16.00 target price on the stock, up from their previous target price of $11.00.

A number of other brokerages have also recently issued reports on ESTE. FBR & Co reissued an outperform rating and issued a $17.00 price objective (up from $14.00) on shares of Earthstone Energy in a research note on Thursday, November 10th. Canaccord Genuity set a $18.00 target price on shares of Earthstone Energy and gave the company a buy rating in a research note on Friday, November 11th. Finally, Seaport Global Securities raised shares of Earthstone Energy from an accumulate rating to a buy rating and raised their target price for the company from $13.00 to $16.00 in a research note on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $16.30.

Earthstone Energy (AMEX:ESTE) opened at 14.00 on Monday. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $10.69. Earthstone Energy has a 52-week low of $7.67 and a 52-week high of $18.50. The stock’s market cap is $311.82 million.

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