The stock of Earthstone Energy Inc (NYSEMKT:ESTE) is a huge mover today! About 103,871 shares traded hands. Earthstone Energy Inc (NYSEMKT:ESTE) has declined 23.29% since March 7, 2016 and is downtrending. It has underperformed by 30.88% the S&P500.
The move comes after 6 months positive chart setup for the $217.26 million company. It was reported on Oct, 10 by Barchart.com. We have $22.14 PT which if reached, will make NYSEMKT:ESTE worth $288.96 million more.
Analysts await Earthstone Energy Inc (NYSEMKT:ESTE) to report earnings on November, 10. They expect $-0.10 EPS, up 16.67% or $0.02 from last year’s $-0.12 per share. After $-0.10 actual EPS reported by Earthstone Energy Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Earthstone Energy Inc (NYSEMKT:ESTE) Ratings Coverage
Out of 6 analysts covering Earthstone Energy (NYSEMKT:ESTE), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Earthstone Energy has been the topic of 13 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Earthstone Energy Inc (NYSEMKT:ESTE) has “Buy” rating given on Wednesday, November 18 by Canaccord Genuity. FBR Capital maintained it with “Outperform” rating and $17 target price in Tuesday, June 28 report. As per Friday, July 8, the company rating was maintained by Imperial Capital. The firm earned “Buy” rating on Friday, December 18 by Canaccord Genuity. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, December 16. The firm has “Buy” rating by GMP Securities given on Wednesday, February 3. The firm has “Buy” rating given on Monday, August 17 by TH Capital. The company was maintained on Wednesday, May 11 by FBR Capital. The firm earned “Outperform” rating on Friday, May 27 by FBR Capital.
According to Zacks Investment Research, “Earthstone Energy, Inc., formerly known as Basic Earth Science Systems, Inc., is an independent oil and gas exploration and production company. Its primary focus is in the Montana and North Dakota portions of the Williston basin. The Company is based in Denver, Colorado.”
More recent Earthstone Energy Inc (NYSEMKT:ESTE) news were published by: Marketwatch.com which released: “Earthstone Energy Inc. NYSE MKT: ESTE” on January 31, 2011. Also Nasdaq.com published the news titled: “Earthstone Energy Inc (ESTE) CEO Frank Alan Lodzinski Bought $257250 of Stocks” on June 25, 2016. Benzinga.com‘s news article titled: “Baird Increasingly Constructive On Earthstone Energy” with publication date: June 29, 2016 was also an interesting one.
ESTE Company Profile
Earthstone Energy, Inc., incorporated on July 7, 1969, is an independent oil and natural gas exploration and production company. The Firm is focused on the acquisition, development, exploration and production of onshore, natural gas and crude oil reserves. The Company’s activities are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States. The Company’s asset portfolio includes activities in the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota and Montana. It also owns other operated and non-operated properties in east and south Texas, and eastern Oklahoma. It serves as the operator for its Fayette, Gonzales and Karnes acreage with working interests. It is a non-operator with respect to its La Salle County acreage with working interests. It is also a non-operator with respect to its properties in the Williston Basin. It is an operator of properties of its oil and natural gas reserves, and PV-10.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.