Earthstone Energy (ESTE) Receives a Hold from Wells Fargo

By Carrie Williams

In a report released yesterday, Gordon Douthat from Wells Fargo maintained a Hold rating on Earthstone Energy (ESTEResearch Report). The company’s shares closed last Monday at $3.75, close to its 52-week low of $3.43.

According to TipRanks.com, Douthat is a 1-star analyst with an average return of -4.3% and a 23.7% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Extraction Oil & Gas, Carrizo Oil & Gas, and Matador Resources.

Earthstone Energy has an analyst consensus of Strong Buy, with a price target consensus of $9.

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The company has a one-year high of $10.19 and a one-year low of $3.43. Currently, Earthstone Energy has an average volume of 177K.

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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.