Earthstone Energy (ESTE) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ESTE shares.
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4 analysts have issued 1 year target prices for Earthstone Energy's stock. Their ESTE share price forecasts range from $18.00 to $29.00. On average, they predict the company's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Earthstone Energy's stock was trading at $14.23 at the beginning of 2023. Since then, ESTE stock has increased by 36.8% and is now trading at $19.47.
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Earthstone Energy saw a drop in short interest in September. As of September 15th, there was short interest totaling 3,290,000 shares, a drop of 5.7% from the August 31st total of 3,490,000 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ESTE earnings forecast.

Earthstone Energy, Inc. (NYSE:ESTE) announced its quarterly earnings results on Wednesday, August, 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.01. The oil and gas producer earned $370.01 million during the quarter, compared to the consensus estimate of $350.15 million. Earthstone Energy had a net margin of 25.40% and a trailing twelve-month return on equity of 22.08%. The business's revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share.

ETFs with the largest weight of Earthstone Energy (NYSE:ESTE) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and WisdomTree U.S. SmallCap Fund (EES).iShares U.S. Oil & Gas Exploration & Production ETF (IEO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Earthstone Energy investors own include CBL & Associates Properties (CBL), Energy Transfer (ET), KushCo (KSHB), Sorrento Therapeutics (SRNE), Enerplus (ERF), Matinas BioPharma (MTNB), Organigram (OGI), Chesapeake Energy (CHKAQ), New Residential Investment (NRZ) and Rigel Pharmaceuticals (RIGL).

Earthstone Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTE."

Shares of ESTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ESTE stock can currently be purchased for approximately $19.47.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $2.74 billion and generates $1.70 billion in revenue each year. The oil and gas producer earns $452.48 million in net income (profit) each year or $4.24 on an earnings per share basis.

The company employs 219 workers across the globe.

Earthstone Energy's mailing address is 1400 Woodloch Forest Drive Suite 300, The Woodlands Te, 77380. The official website for the company is www.earthstoneenergy.com. The oil and gas producer can be reached via phone at (281) 298-4246, via email at investorrelations@earthstoneenergy.com, or via fax at 832-823-0498.