Equities analysts forecast that Earthstone Energy Inc (NYSE:ESTE) will report earnings per share of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Earthstone Energy’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.26. Earthstone Energy posted earnings per share of $0.02 during the same quarter last year, which would suggest a positive year over year growth rate of 800%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.
According to Zacks, analysts expect that Earthstone Energy will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.00 to $1.13. For the next fiscal year, analysts expect that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.86 to $1.39. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Earthstone Energy.
Earthstone Energy (NYSE:ESTE) last announced its earnings results on Monday, May 6th. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.58. Earthstone Energy had a return on equity of 3.75% and a net margin of 11.99%. The business had revenue of $40.73 million during the quarter, compared to analysts’ expectations of $40.82 million.
A number of equities analysts have commented on the company. Stephens set a $9.00 target price on Earthstone Energy and gave the company a “buy” rating in a report on Wednesday, May 22nd. Northland Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of Earthstone Energy in a report on Tuesday, May 7th. ValuEngine cut Earthstone Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. TheStreet raised Earthstone Energy from a “d+” rating to a “c” rating in a report on Friday, April 5th. Finally, Zacks Investment Research raised Earthstone Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Earthstone Energy has a consensus rating of “Buy” and an average price target of $10.25.
Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Earthstone Energy by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 43,303 shares of the oil and gas producer’s stock valued at $307,000 after purchasing an additional 2,900 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Earthstone Energy by 312.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,045 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 3,064 shares during the last quarter. Globeflex Capital L P increased its holdings in shares of Earthstone Energy by 22.8% in the first quarter. Globeflex Capital L P now owns 42,769 shares of the oil and gas producer’s stock valued at $303,000 after purchasing an additional 7,951 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Earthstone Energy by 0.9% in the first quarter. Wells Fargo & Company MN now owns 917,366 shares of the oil and gas producer’s stock valued at $6,496,000 after purchasing an additional 8,195 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Earthstone Energy by 44.7% in the fourth 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 during the last quarter. 21.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Earthstone Energy stock opened at $5.35 on Tuesday. 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 $335.60 million, a price-to-earnings ratio of 5.18, a PEG ratio of 0.26 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15.
Earthstone Energy Company Profile
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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