Media stories about Earthstone Energy (NYSE:ESTE) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Earthstone Energy earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 47.6585686202833 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of NYSE:ESTE traded up $0.06 during trading on Tuesday, hitting $8.44. 104,623 shares of the company were exchanged, compared to its average volume of 176,387. The company has a market capitalization of $536.14 million, a PE ratio of 5.90, a price-to-earnings-growth ratio of 0.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.30 and a current ratio of 0.30. Earthstone Energy has a 1-year low of $7.45 and a 1-year high of $12.16.

Earthstone Energy (NYSE:ESTE) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $37.15 million for the quarter, compared to analyst estimates of $39.19 million. Earthstone Energy had a return on equity of 2.47% and a net margin of 6.79%. equities analysts forecast that Earthstone Energy will post 0.74 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. Northland Securities set a $14.00 price target on Earthstone Energy and gave the company a “buy” rating in a research note on Wednesday, August 8th. ValuEngine upgraded Earthstone Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. SunTrust Banks set a $13.00 price target on Earthstone Energy and gave the company a “buy” rating in a research note on Wednesday, August 8th. Seaport Global Securities reiterated a “buy” rating on shares of Earthstone Energy in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Earthstone Energy has an average rating of “Buy” and a consensus target price of $13.33.

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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