Media stories about Earthstone Energy (NYSE:ESTE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Earthstone Energy earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 46.2300646456904 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts recently commented on the company. KLR Group assumed coverage on Earthstone Energy in a report on Thursday, February 8th. They set a “buy” rating and a $17.00 price target on the stock. SunTrust Banks reiterated a “buy” rating and set a $14.00 price target on shares of Earthstone Energy in a report on Tuesday, February 6th. Robert W. Baird reiterated an “outperform” rating and set a $13.00 price target (down from $14.00) on shares of Earthstone Energy in a report on Monday, December 18th. Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine lowered Earthstone Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.22.
NYSE:ESTE traded down $0.02 during trading hours on Tuesday, reaching $10.35. The stock had a trading volume of 43,418 shares, compared to its average volume of 151,202. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.68. Earthstone Energy has a 12-month low of $7.85 and a 12-month high of $14.75. The company has a market capitalization of $650.83, a P/E ratio of 7.24 and a beta of 1.07.
Earthstone Energy (NYSE:ESTE) last released its earnings results on Wednesday, March 14th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.31. Earthstone Energy had a positive return on equity of 5.77% and a negative net margin of 11.58%. The business had revenue of $35.68 million during the quarter, compared to the consensus estimate of $33.12 million. analysts anticipate that Earthstone Energy will post 0.67 earnings per share for the current year.
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Earthstone Energy Company Profile
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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