Seaport Global Securities Upgrades Earthstone Energy (ESTE) to Buy

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FBR Capital Raises Price Target on Earthstone Energy (ESTE) Following Analysis of Bold Energy Combination

November 10, 2016 7:14 AM EST

FBR Capital reiterated an Outperform rating on Earthstone Energy (NYSE: ESTE), and raised the price target to $17.00 (from $14.00), following an analysis of the company's combination with Bold Energy III LLC. The combination is a strategic transaction that establishes a significant operated position in the Midland Basin.... More