5 Most Promising Small-Cap Stocks According to Analysts

4. Earthstone Energy, Inc. (NYSE:ESTE)

Number of Hedge Fund Holders: 21

Average Upside Potential as of February 10: 45.77%

Earthstone Energy, Inc. (NYSE:ESTE) is a small-cap oil and gas company that is involved in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. On January 9, Mizuho analyst Nitin Kumar took coverage of Earthstone Energy, Inc. (NYSE:ESTE) with a Neutral rating and a $19 price target.

Over the past 3 months, Earthstone Energy, Inc. (NYSE:ESTE) has received 2 Hold ratings from Wall Street analysts. The stock has a high forecast of $21 and an average forecast of $20. The stock’s average price target represents an upside of 45.77% from current levels. Earthstone Energy, Inc. (NYSE:ESTE) is placed among the most promising small-cap stocks to buy according to analysts.

At the close of Q3 2022, 21 hedge funds held stakes in Earthstone Energy, Inc. (NYSE:ESTE). The total value of these stakes amounted to $59.3 million. As of December 31, First Eagle Investment Management is the largest investor in the company and has a position worth $3.28 million.