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Earthstone Energy Could Deliver 30% Profits

Earthstone Energy Could Deliver 30% Profits

As you can see on the chart, Earthstone Energy Inc. (NYSE: ESTE), an oil and natural gas explorer, just had a bullish channel breakout.

My team of traders tell me this move could generate an incredible profit of 30% in the coming months.

Here’s why my team is so bullish on Earthstone…

The company is proving itself to be an analyst favorite. Currently the company has 12 buys, zero holds and zero sells.

Also, a consensus of analysts has raised their one-year target price by 1.6% over the past three months. Their forecast ranges from $14 to $18.75.

Finally, in May the company reported that their Q1 2018 sales volumes grew 104% compared to the first quarter of 2017 and 7% compared to Q4 2017.

All told, my team of traders is very bullish on the company, and now looks like a good time to buy ESTE.

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