Earthstone Energy (NYSE:ESTE) is set to post its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Earthstone Energy to post earnings of $0.14 per share for the quarter.
Earthstone Energy (NYSE:ESTE) last released its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). Earthstone Energy had a net margin of 6.79% and a return on equity of 2.47%. The company had revenue of $37.15 million during the quarter, compared to analyst estimates of $39.19 million. On average, analysts expect Earthstone Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE:ESTE traded down $0.12 during midday trading on Friday, reaching $8.11. The company had a trading volume of 2,694 shares, compared to its average volume of 132,817. 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 1-year low of $7.45 and a 1-year high of $12.16. The firm has a market capitalization of $534.22 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.43 and a beta of 1.35.
A number of equities research analysts have commented on ESTE shares. ValuEngine lowered Earthstone Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday. Northland Securities set a $14.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Seaport Global Securities restated a “buy” rating on shares of Earthstone Energy in a research report on Wednesday, July 25th. SunTrust Banks set a $13.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, Imperial Capital decreased their price objective on Earthstone Energy from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Earthstone Energy presently has an average rating of “Buy” and a consensus price target of $13.25.
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.
Featured Story: Dollar Cost Averaging
Receive News & Ratings for Earthstone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Earthstone Energy and related companies with MarketBeat.com's FREE daily email newsletter.