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.