SunTrust Robinson Thinks Earthstone Energy’s Stock is Going to Recover


In a report issued on November 27, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Earthstone Energy (ESTE), with a price target of $11. The company’s shares opened today at $6.98, close to its 52-week low of $6.76.

According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.

Earthstone Energy has an analyst consensus of Strong Buy, with a price target consensus of $13.

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The company has a one-year high of $12.16 and a one-year low of $6.76. Currently, Earthstone Energy has an average volume of 131.5K.

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Earthstone Energy, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its primary assets are located in the Midland Basin of West Texas, the Eagle Ford trend of south Texas, and the Williston Basin of North Dakota. The company was founded on July 7, 1969 and is headquartered in the Woodlands, TX.

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