Earthstone Energy Inc (ESTE) Files Form 4 Insider Buying : Robert L Zorich Buys 38,000 Shares

Earthstone Energy Inc (ESTE): Robert L Zorich , director 10% owner of Earthstone Energy Inc purchased 38,000 shares on Jun 21, 2016. The Insider buying transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.50 per share for a total value of $399,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Ray J Jr Singleton (EVP) purchased 9,500 shares at $10.50 per share price.On Jun 22, 2016, Frank Alan Lodzinski (CEO) purchased 24,500 shares at $10.50 per share price.Also, On Jan 19, 2016, Jay Frederick Joliat (director) purchased 10,000 shares at $11.72 per share price.

Earthstone Energy Inc: On Tuesday, Jun 21, 2016 heightened volatility was witnessed in Earthstone Energy Inc which led to swings in the share price. The shares opened for trading at $10.44 and hit $10.66 on the upside , eventually ending the session at $10.43, with a gain of 0.38% or 0.04 points. The heightened volatility saw the trading volume jump to 1,72,017 shares. The 52-week high of the share price is $20.15 and the company has a market cap of $144 M . The 52-week low of the share price is at $10.22.

Earthstone Energy Inc Money Flow Index Chart

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 Company’s 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.

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