Kennedy Capital Management Inc. lowered its holdings in Earthstone Energy Inc (NASDAQ:ESTE) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 239,864 shares of the company’s stock after selling 7,594 shares during the quarter. Kennedy Capital Management Inc. owned 1.06% of Earthstone Energy worth $2,401,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in ESTE. Schwab Charles Investment Management Inc. acquired a new stake in Earthstone Energy in the second quarter valued at $187,000. Northpointe Capital LLC lifted its holdings in Earthstone Energy by 25.3% in the second quarter. Northpointe Capital LLC now owns 696,861 shares of the company’s stock valued at $6,976,000 after acquiring an additional 140,858 shares during the period. Bank of New York Mellon Corp lifted its holdings in Earthstone Energy by 153.2% in the second quarter. Bank of New York Mellon Corp now owns 42,661 shares of the company’s stock valued at $427,000 after acquiring an additional 25,813 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Earthstone Energy by 4.8% in the second quarter. Victory Capital Management Inc. now owns 107,586 shares of the company’s stock valued at $1,077,000 after acquiring an additional 4,910 shares during the period.
In other Earthstone Energy news, EVP Robert John Anderson sold 15,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the transaction, the executive vice president now directly owns 85,613 shares of the company’s stock, valued at approximately $856,130. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of equities research analysts have commented on the company. Imperial Capital began coverage on Earthstone Energy in a report on Tuesday, August 1st. They issued an “outperform” rating and a $13.00 target price for the company. Roth Capital set a $16.00 price target on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, August 21st. Northland Securities set a $18.00 price target on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research cut Earthstone Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Seaport Global Securities cut Earthstone Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $11.00 in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Earthstone Energy presently has an average rating of “Buy” and a consensus target price of $14.50.
Shares of Earthstone Energy Inc (ESTE) opened at 10.36 on Tuesday. Earthstone Energy Inc has a 52-week low of $7.67 and a 52-week high of $15.70. The stock’s market cap is $237.25 million. The company’s 50-day moving average price is $9.60 and its 200-day moving average price is $11.34.
About Earthstone Energy
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.
Want to see what other hedge funds are holding ESTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Earthstone Energy Inc (NASDAQ:ESTE).
Receive News & Ratings for Earthstone Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Earthstone Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.