Headlines about Earthstone Energy (NYSE:ESTE) have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Earthstone Energy earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.9074390579044 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
A number of research analysts have recently issued reports on the company. Robert W. Baird set a $15.00 target price on Earthstone Energy and gave the company a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered Earthstone Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks reiterated a “buy” rating and set a $14.00 target price on shares of Earthstone Energy in a research report on Tuesday, February 6th. Finally, KLR Group assumed coverage on Earthstone Energy in a research report on Thursday, February 8th. They set a “buy” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Earthstone Energy currently has an average rating of “Buy” and an average price target of $13.89.
Earthstone Energy traded down $0.39, reaching $8.72, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 206,865 shares, compared to its average volume of 197,003. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $555.72 million, a P/E ratio of 6.10 and a beta of 1.10. Earthstone Energy has a 52-week low of $7.85 and a 52-week high of $12.34.
Earthstone Energy (NYSE:ESTE) last announced its quarterly earnings data on Thursday, May 3rd. The oil and gas producer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $40.90 million for the quarter, compared to analyst estimates of $38.36 million. Earthstone Energy had a positive return on equity of 5.70% and a negative net margin of 5.93%. equities analysts forecast that Earthstone Energy will post 0.88 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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