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A statement released earlier today by Seaport Global Securities about Earthstone Energy (NYSE:ESTE) drops the target price to $11.00

Having a price of $10.31, Earthstone Energy (NYSE:ESTE) traded -1.27% lower on the day. With the last stock price down -11.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. ESTE has recorded a 50-day moving average of $9.60 and a 200-day moving average of $11.39. 973,815 shares of ESTE traded hands, up from an average trading volume of 109,888

Reporting a potential upside of 0.07%, Seaport Global Securities dropped the price target of Earthstone Energy (NYSE:ESTE) to $11.00

On 11/18/2015, Canaccord Genuity released a statement about Earthstone Energy (NYSE:ESTE) dropped the target price from $27.00 to $24.00 that suggested an upside of 0.66%.

Recent Performance Chart

Earthstone Energy (NYSE:ESTE)

Earthstone Energy has 52 week low of $7.67 and a 52 week high of $15.70 and has a market capitalization of $0.

In addition to Seaport Global Securities reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $16.15 with three analysts rating the company a strong buy, ten analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Earthstone Energy (NYSE:ESTE)

Earthstone Energy, Inc. is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States. The Company's reserve portfolio primarily consists of assets in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota. As of December 31, 2016, the Company held approximately 5,900 net leasehold acres in the Midland Basin, located in Howard, Glasscock, Martin and Midland Counties. As of December 31, 2016, it also has approximately 21,000 net leasehold acres in the Eagle Ford trend of south Texas. In the Williston Basin of North Dakota, it had approximately 5,900 net leasehold acres, as of December 31, 2016.

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