Earthstone Energy (NYSE:ESTE) will release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Earthstone Energy to post earnings of $0.17 per share for the quarter.
Earthstone Energy (NYSE:ESTE) last issued its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.58. Earthstone Energy had a return on equity of 3.75% and a net margin of 11.99%. The company had revenue of $40.73 million for the quarter, compared to analysts’ expectations of $40.82 million. On average, analysts expect Earthstone Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE ESTE traded up $0.01 during trading hours on Tuesday, hitting $3.62. 2,705 shares of the company were exchanged, compared to its average volume of 228,321. The stock has a 50-day moving average price of $5.41. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Earthstone Energy has a 52 week low of $3.51 and a 52 week high of $10.19. The stock has a market capitalization of $243.76 million, a PE ratio of 2.49 and a beta of 1.84.
In other news, EVP Tony Oviedo sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $6.38, for a total transaction of $76,560.00. Following the transaction, the executive vice president now owns 112,530 shares of the company’s stock, valued at $717,941.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 63.04% of the company’s stock.
Several brokerages have weighed in on ESTE. Stephens set a $9.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Northland Securities reissued a “buy” rating and set a $11.00 price objective on shares of Earthstone Energy in a research note on Tuesday, May 7th. ValuEngine cut Earthstone Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 18th. Wells Fargo & Co cut Earthstone Energy from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research note on Monday, July 8th. Finally, Zacks Investment Research cut Earthstone Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.89.
About Earthstone Energy
Earthstone Energy, Inc, an independent energy company, engages in the development and operation of oil and gas properties 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, 2018, the company operated 93 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 98,847 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 23,646 MBOE of proved developed reserves and 75,201 MBOE of proved undeveloped reserves.
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