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Seaport Global Securities announced Earthstone Energy Inc (NASDAQ:ESTE), boosting its stock price target to $16.00 today

Just yesterday Earthstone Energy Inc (NASDAQ:ESTE) traded -1.27% lower at $10.31. Earthstone Energy Inc’s 50-day moving average is $9.60 and its 200-day moving average is $11.39. The last stock price is 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. 973,815 shares of ESTE traded hands, up from an average trading volume of 109,888

In a report released on 06/21/2017 Seaport Global Securities increased the stock price target of Earthstone Energy Inc (NASDAQ:ESTE) to $16.00 reporting a possible upside of 0.55%.

Previously on Monday November 21, 2016, Robert W. Baird released a statement about Earthstone Energy Inc (NASDAQ:ESTE) increased the target price from $11.00 to $16.00. At the time, this indicated a possible upside of 0.11%.

Recent Performance Chart

Earthstone Energy Inc (NASDAQ:ESTE)

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

A total of 13 equity analysts have released a research note on ESTE. Three equity analysts rating the company a strong buy, ten analysts rating the company a buy, one analyst rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $16.15.

About Earthstone Energy Inc (NASDAQ: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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