Earthstone Energy Inc (ESTE): Frank Alan Lodzinski , CEO of Earthstone Energy Inc purchased 24,500 shares on Jun 21, 2016. The Insider buying transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.50 per share for a total value of $257,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 19, 2016, Jay Frederick Joliat (director) purchased 10,000 shares at $11.72 per share price.
Shares of Earthstone Energy Inc (ESTE) ended Monday, Jun 20, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -1.05% at $10.39 with 1,82,736 shares getting traded. Post opening the session at $10.66, the shares hit an intraday low of $10.25 and an intraday high of $10.75 and the price vacillated in this range throughout the day. The company has a market cap of $144 M and the number of outstanding shares has been calculated to be 1,38,35,128 shares. The 52-week high of Earthstone Energy Inc is $20.15 and the 52-week low is $10.22.
Company has been under the radar of several Street Analysts.Earthstone Energy Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $15 .The Rating was issued on May 27, 2016.Earthstone Energy Inc is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 15 from a previous price target of $17 . The Rating was issued on May 11, 2016.Earthstone Energy Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $16. The Rating was issued on Apr 27, 2016.
Earthstone Energy Inc. is an independent oil and gas exploration and production company primarily engaged in the exploration development and production of oil and natural gas properties. Its operating activities are concentrated in the North Dakota and Montana portions of the Williston Basin and south Texas. As of March 31 2014 the Companys estimated net proved oil and natural gas reserves were approximately 2554000 barrels of oil and condensate and approximately 3413000 thousand cubic feet of natural gas. In addition to the Williston Basin the Company is pursuing a new exploration project in the Nebraska portion of the Denver-Julesburg (DJ) basin. The Williston basin continues to be the Company’s highest area of activity.