Earthstone Energy Inc (NYSE:ESTE) – Stock analysts at Imperial Capital reduced their Q3 2019 earnings per share (EPS) estimates for Earthstone Energy in a report issued on Thursday, August 8th. Imperial Capital analyst J. Wangler now expects that the oil and gas producer will earn $0.17 per share for the quarter, down from their previous forecast of $0.20. Imperial Capital also issued estimates for Earthstone Energy’s Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.83 EPS.

Other analysts have also issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $10.00 price objective on shares of Earthstone Energy in a report on Sunday. Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Northland Securities reiterated a “buy” rating and set a $11.00 price objective on shares of Earthstone Energy in a report on Tuesday, May 7th. ValuEngine lowered Earthstone Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. Finally, Stephens set a $9.00 price objective on Earthstone Energy and gave the stock a “buy” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $9.91.

Shares of NYSE:ESTE opened at $3.74 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.14. Earthstone Energy has a 1 year low of $3.43 and a 1 year high of $10.19. The stock’s fifty day moving average price is $5.12. The stock has a market capitalization of $259.85 million, a price-to-earnings ratio of 2.60 and a beta of 1.84.

Earthstone Energy (NYSE:ESTE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.06. Earthstone Energy had a return on equity of 5.47% and a net margin of 16.18%. The business had revenue of $44.54 million during the quarter, compared to analyst estimates of $42.60 million.

In other news, EVP Tony Oviedo sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $6.38, for a total value of $76,560.00. Following the sale, the executive vice president now directly owns 112,530 shares of the company’s stock, valued at $717,941.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 63.04% of the company’s stock.

Several large investors have recently modified their holdings of ESTE. Bank of Montreal Can grew its position in Earthstone Energy by 168.4% during the second quarter. Bank of Montreal Can now owns 4,091 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 2,567 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Earthstone Energy by 312.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,045 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 3,064 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Earthstone Energy during the fourth quarter worth about $69,000. Squarepoint Ops LLC grew its position in Earthstone Energy by 83.0% during the fourth quarter. Squarepoint Ops LLC now owns 22,142 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 10,042 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Earthstone Energy during the second quarter worth about $111,000. 21.48% of the stock is currently owned by institutional investors.

About Earthstone Energy

Earthstone Energy, Inc, an independent energy company, engages in the development and operation of oil and gas properties 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, 2018, the company operated 93 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 98,847 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 23,646 MBOE of proved developed reserves and 75,201 MBOE of proved undeveloped reserves.

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

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