Analysts predict that Earthstone Energy Inc (NYSE:ESTE) will post earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Earthstone Energy’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.03. Earthstone Energy posted earnings per share of ($0.21) during the same quarter last year, which would indicate a positive year over year growth rate of 142.9%. The company is expected to announce its next earnings results on Wednesday, March 21st.

On average, analysts expect that Earthstone Energy will report full year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to $0.19. For the next financial year, analysts anticipate that the firm will post earnings of $0.49 per share, with EPS estimates ranging from $0.25 to $0.89. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Earthstone Energy.

Several research firms recently commented on ESTE. Northland Securities reissued a “buy” rating and set a $18.00 price target on shares of Earthstone Energy in a research report on Tuesday, September 26th. BidaskClub raised Earthstone Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, October 17th. ValuEngine lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Roth Capital set a $16.00 price target on Earthstone Energy and gave the stock a “buy” rating in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Earthstone Energy currently has a consensus rating of “Buy” and an average target price of $14.45.

Several institutional investors and hedge funds have recently made changes to their positions in ESTE. Wells Fargo & Company MN increased its holdings in shares of Earthstone Energy by 126,489.0% in the 2nd quarter. Wells Fargo & Company MN now owns 854,476 shares of the oil and gas producer’s stock valued at $8,553,000 after acquiring an additional 853,801 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Earthstone Energy by 84.9% in the 2nd quarter. Vanguard Group Inc. now owns 520,807 shares of the oil and gas producer’s stock valued at $5,214,000 after acquiring an additional 239,193 shares during the last quarter. Columbia Pacific Advisors LLC bought a new stake in shares of Earthstone Energy in the 2nd quarter valued at approximately $1,337,000. Ameriprise Financial Inc. increased its holdings in shares of Earthstone Energy by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 388,040 shares of the oil and gas producer’s stock valued at $3,884,000 after acquiring an additional 94,469 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Earthstone Energy by 232.1% in the 2nd quarter. Northern Trust Corp now owns 109,208 shares of the oil and gas producer’s stock valued at $1,093,000 after acquiring an additional 76,326 shares during the last quarter. 13.41% of the stock is currently owned by institutional investors.

Earthstone Energy (ESTE) opened at $11.53 on Thursday. The company has a market capitalization of $732.84, a P/E ratio of -5.41 and a beta of 1.42. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.11. Earthstone Energy has a 52-week low of $7.85 and a 52-week high of $15.50.

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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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