Wells Fargo analyst Gordon Douthat maintained a Hold rating on Earthstone Energy (ESTE) yesterday. The company’s shares closed last Monday at $3.77, close to its 52-week low of $3.00.
According to TipRanks.com, Douthat is a 1-star analyst with an average return of -6.2% and a 30.0% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Black Stone Minerals.
Currently, the analyst consensus on Earthstone Energy is a Moderate Buy with an average price target of $8.00, implying an 118.6% upside from current levels. In a report issued on October 10, Seaport Global also downgraded the stock to Hold.
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Earthstone Energy’s market cap is currently $109.5M and has a P/E ratio of 3.87. The company has a Price to Book ratio of 0.33.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESTE in relation to earlier this year.
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Earthstone Energy, Inc. engages in the acquisition, exploration, development, and production of oil and gas preserves. Its primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas. The company was founded on July 7, 1969 and is headquartered in the The Woodlands, TX.
