Earthstone Energy (ESTE) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Earthstone Energy (NYSE:ESTE) from a strong sell rating to a sell rating in a research report released on Tuesday.

Several other equities analysts also recently commented on the company. Imperial Capital upped their price objective on Earthstone Energy from $10.00 to $11.00 and gave the company an outperform rating in a research report on Tuesday. Northland Securities set a $14.00 price target on Earthstone Energy and gave the stock a buy rating in a research report on Wednesday, August 8th. SunTrust Banks set a $13.00 price target on Earthstone Energy and gave the stock a buy rating in a research report on Wednesday, August 8th. Seaport Global Securities reissued a buy rating on shares of Earthstone Energy in a research report on Wednesday, July 25th. Finally, Royal Bank of Canada assumed coverage on Earthstone Energy in a research report on Monday, July 9th. They set an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $13.44.

Earthstone Energy stock traded up $0.13 during mid-day trading on Tuesday, hitting $8.96. The company’s stock had a trading volume of 99,516 shares, compared to its average volume of 170,487. The company has a market capitalization of $600.11 million, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.42 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03. Earthstone Energy has a one year low of $7.45 and a one year high of $12.16.

Earthstone Energy (NYSE:ESTE) last announced its quarterly earnings data on Monday, August 6th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). The business had revenue of $37.15 million during the quarter, compared to the consensus estimate of $39.19 million. Earthstone Energy had a net margin of 6.79% and a return on equity of 2.47%. As a group, research analysts anticipate that Earthstone Energy will post 0.74 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Globeflex Capital L P purchased a new stake in shares of Earthstone Energy during the 2nd quarter worth $120,000. Engineers Gate Manager LP purchased a new stake in shares of Earthstone Energy during the 2nd quarter worth $196,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Earthstone Energy during the 2nd quarter worth $247,000. American Century Companies Inc. purchased a new stake in shares of Earthstone Energy during the 2nd quarter worth $293,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Earthstone Energy during the 1st quarter worth $323,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Earthstone Energy (NYSE:ESTE)

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