Earthstone Energy Inc (NYSE:ESTE) has earned an average rating of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.14.
A number of equities analysts have recently commented on the stock. Northland Securities set a $14.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a report on Wednesday, August 8th. SunTrust Banks set a $13.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a report on Wednesday, August 8th. Imperial Capital decreased their price target on shares of Earthstone Energy from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. Seaport Global Securities reissued a “buy” rating on shares of Earthstone Energy in a report on Wednesday, July 25th. Finally, ValuEngine lowered shares of Earthstone Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th.
Institutional investors have recently made changes to their positions in the company. Globeflex Capital L P purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $120,000. Engineers Gate Manager LP purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $196,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $247,000. American Century Companies Inc. purchased a new stake in shares of Earthstone Energy in the 2nd quarter valued at $293,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Earthstone Energy in the 1st quarter valued at $323,000. 75.70% of the stock is owned by institutional investors.
Earthstone Energy stock traded down $0.08 during midday trading on Friday, reaching $8.20. 2,652 shares of the stock were exchanged, compared to its average volume of 165,120. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $551.49 million, a PE ratio of 5.75, a price-to-earnings-growth ratio of 0.39 and a beta of 1.39. Earthstone Energy has a 52 week low of $7.45 and a 52 week high of $12.16.
Earthstone Energy (NYSE:ESTE) last posted its earnings results on Monday, August 6th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). The firm had revenue of $37.15 million for the quarter, compared to the consensus estimate of $39.19 million. Earthstone Energy had a return on equity of 2.47% and a net margin of 6.79%. research analysts forecast that Earthstone Energy will post 0.74 earnings per share for the current year.
About Earthstone Energy
Earthstone Energy, Inc, an oil and natural gas development and production company, operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2017, the company operated 91 gross Eagle Ford wells; and 12 gross Austin Chalk wells, as well as had 79,976 thousand barrels of oil equivalent (MBOE) of total proved reserves, 19,961 MBOE of proved developed reserves, and 60,015 MBOE of proved undeveloped reserves.
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