Emerald Acquisition Ltd. acquired a new position in Earthstone Energy Inc (NASDAQ:ESTE) during the second quarter, Holdings Channel reports. The firm acquired 73,894 shares of the company’s stock, valued at approximately $797,000. Emerald Acquisition Ltd. owned 0.53% of Earthstone Energy as of its most recent filing with the SEC.
Separately, American Century Companies Inc. purchased a new position in shares of Earthstone Energy during the second quarter worth approximately $3,787,000.
Earthstone Energy Inc (NASDAQ:ESTE) traded down 1.80% during midday trading on Thursday, hitting $9.84. The stock had a trading volume of 58,104 shares. Earthstone Energy Inc has a 12-month low of $7.67 and a 12-month high of $18.50. The company’s market cap is $219.17 million. The firm has a 50-day moving average of $9.18 and a 200-day moving average of $11.06.
A number of equities analysts recently commented on ESTE shares. Cantor Fitzgerald reissued a “buy” rating and set a $16.00 price target (down from $19.00) on shares of Earthstone Energy in a research note on Thursday, June 16th. FBR & Co reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Earthstone Energy in a research note on Thursday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Earthstone Energy in a research note on Thursday, June 30th. Roth Capital reaffirmed a “buy” rating on shares of Earthstone Energy in a research note on Tuesday, July 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Earthstone Energy in a research note on Monday, June 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Earthstone Energy currently has a consensus rating of “Buy” and a consensus price target of $14.50.
Earthstone Energy Company Profile
Earthstone Energy, Inc is an independent oil and natural gas exploration and production company. The Company is focused on the acquisition, development, exploration and production of onshore, crude oil and natural gas reserves. The Company’s operations are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States.