Earthstone Energy Inc (ESTE) is Reiterated by Imperial Capital to Outperform, Lowers Price Target to $ 14

Earthstone Energy Inc (ESTE) was Reiterated by Imperial Capital to “Outperform” while Lowering the Price Target of the company shares to $ 14 from a previous price target of $18 . Imperial Capital advised their investors in a research report released on Jul 8, 2016.

Many Wall Street Analysts have commented on Earthstone Energy Inc. Shares were Reiterated by FBR Capital on Jun 28, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $20 .Company shares were Reiterated by FBR Capital on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $15 .Shares were Reiterated by FBR Capital on May 11, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $17 .

Earthstone Energy Inc closed down -0.79 points or -6.97% at $10.54 with 1,04,305 shares getting traded on Tuesday. Post opening the session at $10.95, the shares hit an intraday low of $10.31 and an intraday high of $11.2123 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 22, 2016, Ray J Jr Singleton (EVP) purchased 9,500 shares at $10.50 per share price. According to the SEC, on Jun 22, 2016, Frank Alan Lodzinski (CEO) purchased 24,500 shares at $10.50 per share price. On Jan 19, 2016, Jay Frederick Joliat (director) purchased 10,000 shares at $11.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Earthstone Energy Inc

Leave a Reply

Earthstone Energy Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Earthstone Energy Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.