Research Analysts Issue Forecasts for Earthstone Energy Inc’s Q4 2018 Earnings (ESTE)

Earthstone Energy Inc (NYSE:ESTE) – SunTrust Banks boosted their Q4 2018 earnings per share (EPS) estimates for Earthstone Energy in a research report issued to clients and investors on Monday, November 5th. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings per share of $0.23 for the quarter, up from their previous forecast of $0.22. SunTrust Banks has a “Buy” rating and a $14.00 price target on the stock. SunTrust Banks also issued estimates for Earthstone Energy’s FY2019 earnings at $1.76 EPS.

Other equities analysts also recently issued reports about the company. Seaport Global Securities reissued a “buy” rating on shares of Earthstone Energy in a research note on Wednesday, July 25th. Northland Securities set a $14.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Imperial Capital upped their price target on Earthstone Energy from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Tuesday, October 9th. Finally, ValuEngine upgraded Earthstone Energy from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Earthstone Energy has a consensus rating of “Buy” and a consensus price target of $13.25.

Shares of ESTE stock opened at $7.96 on Wednesday. The company has a market cap of $517.58 million, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.41 and a beta of 1.42. Earthstone Energy has a 12-month low of $7.45 and a 12-month high of $12.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03.

Earthstone Energy (NYSE:ESTE) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $46.08 million during the quarter, compared to the consensus estimate of $42.96 million. Earthstone Energy had a return on equity of 2.47% and a net margin of 6.79%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Globeflex Capital L P acquired a new stake in shares of Earthstone Energy in the 2nd quarter worth approximately $120,000. Strs Ohio acquired a new stake in Earthstone Energy during the 3rd quarter valued at $186,000. Engineers Gate Manager LP acquired a new stake in Earthstone Energy during the 2nd quarter valued at $196,000. Mesirow Financial Investment Management Inc. acquired a new stake in Earthstone Energy during the 2nd quarter valued at $247,000. Finally, American Century Companies Inc. acquired a new stake in Earthstone Energy during the 2nd quarter valued at $293,000. Institutional investors and hedge funds own 74.96% of the company’s stock.

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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