How Analysts Feel About Earthstone Energy, Inc. (ESTE) After Achieving 52 Week Low?

June 17, 2018 - By Peter Erickson

Earthstone Energy, Inc. (NYSE:ESTE) Logo

The stock of Earthstone Energy, Inc. (NYSE:ESTE) hit a new 52-week low and has $7.54 target or 5.00 % below today’s $7.94 share price. The 9 months bearish chart indicates high risk for the $507.24 million company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $7.54 price target is reached, the company will be worth $25.36M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.98% or $0.16 during the last trading session, reaching $7.94. About 314,984 shares traded or 81.05% up from the average. Earthstone Energy, Inc. (NYSE:ESTE) has declined 28.93% since June 17, 2017 and is downtrending. It has underperformed by 41.50% the S&P500.

Analysts await Earthstone Energy, Inc. (NYSE:ESTE) to report earnings on August, 8. They expect $0.16 EPS, down 84.16 % or $0.85 from last year’s $1.01 per share. ESTE’s profit will be $10.22M for 12.41 P/E if the $0.16 EPS becomes a reality. After $0.19 actual EPS reported by Earthstone Energy, Inc. for the previous quarter, Wall Street now forecasts -15.79 % negative EPS growth.

More news for Earthstone Energy, Inc. (NYSE:ESTE) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows Beneficial, TopBuild, Gibraltar Industries, Earthstone Energy, Trupanion, and Heidrick …” on May 22, 2018. Businesswire.com‘s article titled: “Earthstone Energy, Inc. Announces Increase in Borrowing Base” and published on May 23, 2018 is yet another important article.

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. The company has market cap of $507.24 million. The Company’s asset portfolio includes the Midland Basin of west Texas, the Eagle Ford trend of south Texas, and in the Williston Basin of North Dakota. It currently has negative earnings. As of December 31, 2016, the firm operated 70 gross Eagle Ford wells; and 9 gross Austin Chalk wells, as well as had 12,051 thousand barrels of oil equivalent of total proved reserves, 9,361 MBOE of proved developed reserves, and 2,690 MBOE of proved undeveloped reserves.

Earthstone Energy, Inc. (NYSE:ESTE) Ratings Chart

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