Earthstone Energy Inc (NYSE:ESTE) – Investment analysts at SunTrust Banks issued their Q1 2019 EPS estimates for Earthstone Energy in a report released on Wednesday, March 13th. SunTrust Banks analyst N. Dingmann expects that the oil and gas producer will earn $0.17 per share for the quarter. SunTrust Banks also issued estimates for Earthstone Energy’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.19 EPS and FY2021 earnings at $1.28 EPS.

Other analysts have also recently issued reports about the stock. Roth Capital decreased their price objective on shares of Earthstone Energy from $15.50 to $12.00 in a research note on Thursday, January 24th. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Tuesday, January 8th. Northland Securities restated a “buy” rating and set a $11.00 price objective on shares of Earthstone Energy in a research note on Wednesday, February 27th. Imperial Capital restated an “outperform” rating and set a $9.00 price objective (up from $7.00) on shares of Earthstone Energy in a research note on Wednesday, February 27th. Finally, Stephens initiated coverage on shares of Earthstone Energy in a research note on Thursday, December 6th. They set an “overweight” rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.58.

Shares of NYSE ESTE opened at $6.83 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.05. Earthstone Energy has a 12 month low of $4.21 and a 12 month high of $11.00. The company has a market cap of $437.55 million, a price-to-earnings ratio of 4.78, a price-to-earnings-growth ratio of 0.30 and a beta of 1.89.

Several large investors have recently bought and sold shares of ESTE. Meeder Asset Management Inc. increased its holdings in shares of Earthstone Energy by 141.4% during the 4th quarter. Meeder Asset Management Inc. now owns 8,439 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 4,943 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Earthstone Energy during the 4th quarter valued at approximately $69,000. Squarepoint Ops LLC increased its holdings in shares of Earthstone Energy by 83.0% during the 4th quarter. Squarepoint Ops LLC now owns 22,142 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 10,042 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Earthstone Energy during the 4th quarter valued at approximately $114,000. Finally, Rhumbline Advisers increased its holdings in shares of Earthstone Energy by 44.7% during the 4th quarter. Rhumbline Advisers now owns 26,650 shares of the oil and gas producer’s stock valued at $120,000 after purchasing an additional 8,232 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Earthstone Energy (NYSE:ESTE)

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