Somewhat Positive Media Coverage Somewhat Unlikely to Affect Earthstone Energy (ESTE) Stock Price
Press coverage about Earthstone Energy (NASDAQ:ESTE) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Earthstone Energy earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the company an impact score of 48.5512416291717 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Imperial Capital Weighs in on Earthstone Energy Inc’s FY2017 Earnings (ESTE) (americanbankingnews.com)
- SunTrust Banks Brokers Boost Earnings Estimates for Earthstone Energy Inc (ESTE) (americanbankingnews.com)
- Q4 2017 EPS Estimates for Earthstone Energy Inc (ESTE) Raised by Analyst (americanbankingnews.com)
- Earthstone Energy Inc (ESTE) Expected to Post Q4 2017 Earnings of $0.03 Per Share (americanbankingnews.com)
Earthstone Energy (NASDAQ:ESTE) traded down $0.12 during mid-day trading on Monday, reaching $9.00. The company had a trading volume of 354,379 shares, compared to its average volume of 341,700. Earthstone Energy has a one year low of $7.85 and a one year high of $15.70.
ESTE has been the subject of a number of analyst reports. Northland Securities set a $18.00 price objective on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Roth Capital set a $19.00 price objective on Earthstone Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. Imperial Capital initiated coverage on Earthstone Energy in a research report on Tuesday, August 1st. They set an “outperform” rating and a $13.00 price objective for the company. Zacks Investment Research raised Earthstone Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Earthstone Energy in a research report on Sunday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.14.
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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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