Shares of Earthstone Energy Inc. Class A (NYSE:ESTE) traded at a new 52-week high today of $9.65. This new high was reached on below average trading volume as 189,000 shares traded hands, while the average 30-day volume is approximately 345,000 shares.
Earthstone Energy Inc is an independent oil and natural gas development and production company. The company focuses on the acquisition, development, exploration, and production of onshore, crude oil and natural gas reserves. It is also active in corporate mergers and the acquisition of oil and natural gas properties. The company’s reserve portfolio consists of assets in the Midland Basin of West Texas, and the Eagle Ford Trend of South Texas. Its operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States.
In the past 52 weeks, shares of Earthstone Energy Inc. Class A have traded between a low of $1.80 and a high of $9.65 and is now at $9.65, which is 436% above that low price.
Earthstone Energy Inc. Class A (NYSE:ESTE) defies analysts with a current price ($9.65) 11.1% above its average consensus price target of $8.58.
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