Earthstone Energy Inc (AMEX:ESTE) has earned a consensus recommendation of “Buy” from the eleven research firms that are covering the company. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.44.
A number of research analysts have issued reports on ESTE shares. FBR & Co restated an “outperform” rating and set a $17.00 price target (up previously from $14.00) on shares of Earthstone Energy in a research note on Thursday, November 10th. Canaccord Genuity set a $18.00 price target on shares of Earthstone Energy and gave the company a “buy” rating in a research note on Friday, November 11th. Robert W. Baird upgraded shares of Earthstone Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $11.00 to $16.00 in a research note on Monday, November 21st. Finally, Seaport Global Securities upgraded shares of Earthstone Energy from an “accumulate” rating to a “buy” rating and upped their price target for the company from $13.00 to $16.00 in a research note on Wednesday, November 9th.