Entry level $4.85 = Target price $5.70 = Stop loss $4.60
Indicators are reversing after the recent retrace.
Fibonacci levels well respected.
8.2% short interest.
Average analysts price target $7.2 | BUY rating
P/E ratio 3.4.
Company profile
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.
Indicators are reversing after the recent retrace.
Fibonacci levels well respected.
8.2% short interest.
Average analysts price target $7.2 | BUY rating
P/E ratio 3.4.
Company profile
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.