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ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

07:05
10/19/17
10/19
07:05
10/19/17
07:05

Earthstone Energy 4.5M share Spot Secondary priced at $9.25

The deal priced at the bottom of the $9.25-$9.75 range. Credit Suisse and Wells Fargo acted as joint book running managers for the offering.

  • 19

    Oct

ESTE Earthstone Energy
$10.54

-0.15 (-1.40%)

01/17/17
IBER
01/17/17
INITIATION
Target $19
IBER
Outperform
Earthstone Energy initiated with an Outperform at Iberia
Iberia analyst Blaise Angelico initiated Earthstone Energy with an Outperform and a $19 price target.
01/31/17
GHSC
01/31/17
UPGRADE
GHSC
Buy
Earthstone Energy upgraded to Buy from Accumulate at Seaport Global
Seaport Global upgraded Earthstone Energy to Buy with a $17 price target to reflect encouraging results from two step-out wells testing the outer limits of its Permian position.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $11
GHSC
Neutral
Earthstone Energy downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded Helmerich & Payne to Neutral from Buy and slashed its price target to $11 from $17 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl and first half 2018 to $35/bbl from $55/bbl.
08/01/17
IMPC
08/01/17
INITIATION
Target $13
IMPC
Outperform
Earthstone Energy initiated with an Outperform at Imperial Capital
Imperial Capital analyst Jason Wangler started Earthstone Energy with an Outperform rating and $13 price target.

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