Earthstone Energy Inc (ESTE) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $11 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Earthstone Energy Inc. Company shares were Upgraded by Robert W. Baird on Nov 21, 2016 to ” Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $11 .Company shares were Reiterated by FBR & Co. on Nov 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $14 .
Earthstone Energy Inc opened for trading at $13.8 and hit $14.58 on the upside on Monday, eventually ending the session at $14.45, with a gain of 5.63% or 0.77 points. The heightened volatility saw the trading volume jump to 1,44,249 shares. Company has a market cap of $322 M.
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 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.