Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Earthstone Energy (ESTE) Share Price
News coverage about Earthstone Energy (NYSE:ESTE) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Earthstone Energy earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 48.072143223899 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Q1 2018 EPS Estimates for Earthstone Energy, Inc. (ESTE) Decreased by Analyst (americanbankingnews.com)
- Earthstone Energy (ESTE) vs. Its Peers Head-To-Head Review (americanbankingnews.com)
- Earthstone Energy Agrees To Sell Bakken Assets For $27 Million (oilandgasinvestor.com)
- Earthstone Energy (ESTE) to Sell Bakken Assets for $27M (streetinsider.com)
- Earthstone Energy, Inc. Announces Sale of Bakken Assets (markets.financialcontent.com)
ESTE has been the subject of several recent analyst reports. Roth Capital set a $16.00 price target on Earthstone Energy and gave the stock a “buy” rating in a report on Thursday, October 12th. Robert W. Baird set a $14.00 price target on Earthstone Energy and gave the stock a “buy” rating in a report on Friday, October 20th. BidaskClub upgraded Earthstone Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks, Inc. set a $15.00 price target on Earthstone Energy and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Earthstone Energy has an average rating of “Buy” and a consensus target price of $15.20.
Earthstone Energy (ESTE) traded up $0.35 during mid-day trading on Thursday, hitting $8.79. The stock had a trading volume of 186,300 shares, compared to its average volume of 129,239. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $536.43, a PE ratio of 10.42 and a beta of 1.34. Earthstone Energy has a 52 week low of $7.85 and a 52 week high of $15.71.
About Earthstone Energy
Earthstone Energy, Inc is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States.
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