Brokerages expect Earthstone Energy Inc (NYSE:ESTE) to post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Earthstone Energy’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.11. Earthstone Energy posted earnings per share of ($0.21) during the same quarter last year, which would suggest a positive year over year growth rate of 138.1%. The business is expected to announce its next quarterly earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Earthstone Energy will report full-year earnings of ($0.62) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.61). For the next year, analysts forecast that the business will post earnings of $0.60 per share, with EPS estimates ranging from $0.28 to $1.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Earthstone Energy.
A number of research firms have recently weighed in on ESTE. Zacks Investment Research lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Seaport Global Securities raised Earthstone Energy from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday, December 5th. Robert W. Baird set a $15.00 price target on Earthstone Energy and gave the company a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered Earthstone Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Northland Securities set a $14.00 price target on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $14.45.
Earthstone Energy (ESTE) traded up $0.10 during midday trading on Monday, hitting $9.40. The stock had a trading volume of 105,878 shares, compared to its average volume of 143,316. Earthstone Energy has a 12 month low of $7.85 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $591.09, a price-to-earnings ratio of -4.41 and a beta of 1.18.
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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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