NYSE:ESTE Earthstone Energy (ESTE) Stock Forecast, Price & News $13.22 -0.08 (-0.60%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$13.10▼$13.4950-Day Range$12.01▼$14.9552-Week Range$10.65▼$21.36Volume609,442 shsAverage Volume971,471 shsMarket Capitalization$1.86 billionP/E Ratio2.56Dividend YieldN/APrice Target$22.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Earthstone Energy MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside71.5% Upside$22.67 Price TargetShort InterestBearish6.20% of Shares Sold ShortDividend StrengthN/ASustainability-8.30Upright™ Environmental ScoreNews Sentiment1.03Based on 6 Articles This WeekInsider TradingAcquiring Shares$57,250 Bought Last QuarterProj. Earnings Growth29.09%From $4.16 to $5.37 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.69 out of 5 starsOils/Energy Sector57th out of 251 stocksCrude Petroleum & Natural Gas Industry27th out of 81 stocks 3.2 Analyst's Opinion Consensus RatingEarthstone Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.67, Earthstone Energy has a forecasted upside of 71.5% from its current price of $13.22.Amount of Analyst CoverageEarthstone Energy has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.20% of the outstanding shares of Earthstone Energy have been sold short.Short Interest Ratio / Days to CoverEarthstone Energy has a short interest ratio ("days to cover") of 6.5.Change versus previous monthShort interest in Earthstone Energy has recently decreased by 1.02%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldEarthstone Energy does not currently pay a dividend.Dividend GrowthEarthstone Energy does not have a long track record of dividend growth. Previous Next 0.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEarthstone Energy has received a -95.82% net impact score from Upright. The largest negative impact of Earthstone Energy in category "GHG emissions" seems to be driven mostly by its "Crude oil", "Crude natural gas", and "Natural gas exploration services" products. See details.Environmental SustainabilityThe Environmental Impact score for Earthstone Energy is -8.30. Previous Next 2.8 News and Social Media Coverage News SentimentEarthstone Energy has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Earthstone Energy this week, compared to 3 articles on an average week.Search InterestOnly 10 people have searched for ESTE on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Earthstone Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Earthstone Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $57,250.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders40.67% of the stock of Earthstone Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions82.77% of the stock of Earthstone Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Earthstone Energy are expected to grow by 29.09% in the coming year, from $4.16 to $5.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Earthstone Energy is 2.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Earthstone Energy is 2.56, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.17.Price to Book Value per Share RatioEarthstone Energy has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Earthstone Energy (NYSE:ESTE) StockEarthstone Energy, Inc. is a growth-oriented independent oil and gas company. The firm is engaged in the acquisition and development of oil and gas reserves through activities that include drilling and development of undeveloped leases, as well as asset and corporate acquisitions and mergers. It also focuses on the Midland Basin in West Texas, the Eagle Ford Trend in South Texas and the Delaware Basin in New Mexico. The company was founded on July 7, 1969 and is headquartered in The Woodlands, TX.Read More Receive ESTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Earthstone Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address ESTE Stock News HeadlinesJune 9, 2023 | fool.comEarthstone Energy (NYSE: ESTE)June 8, 2023 | finance.yahoo.comDo Options Traders Know Something About Earthstone Energy (ESTE) Stock We Don't?June 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 4, 2023 | americanbankingnews.comBrokerages Set Earthstone Energy, Inc. (NYSE:ESTE) Price Target at $22.67May 22, 2023 | americanbankingnews.comMizuho Trims Earthstone Energy (NYSE:ESTE) Target Price to $18.00May 19, 2023 | msn.comMizuho Maintains Earthstone Energy Inc - (ESTE) Neutral RecommendationMay 19, 2023 | americanbankingnews.comEarthstone Energy (NYSE:ESTE) Earns Hold Rating from Analysts at StockNews.comMay 18, 2023 | msn.comEarthstone Energy: Smooth SailingJune 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 9, 2023 | msn.comEarthstone Energy Starts 2023 With Strong Production, But Also Higher Operating CostsMay 8, 2023 | americanbankingnews.comEarthstone Energy, Inc. (NYSE:ESTE) Receives $22.83 Average Target Price from AnalystsMay 5, 2023 | americanbankingnews.comEarthstone Energy (NYSE:ESTE) Issues Earnings ResultsMay 4, 2023 | msn.comEarthstone Energy reports mixed Q1 earnings; reaffirms FY23 capex outlookMay 3, 2023 | finance.yahoo.comEarthstone Energy (ESTE) Tops Q1 Earnings and Revenue EstimatesMay 3, 2023 | finance.yahoo.comEarthstone Energy, Inc. Reports 2023 First Quarter Financial ResultsMay 2, 2023 | finance.yahoo.comInvestors in Earthstone Energy (NYSE:ESTE) have seen incredible returns of 489% over the past three yearsMay 1, 2023 | finance.yahoo.comPermian Resources (PR) Earnings Expected to Grow: Should You Buy?April 27, 2023 | finance.yahoo.comEarthstone Energy, Inc. Announces First Quarter 2023 Conference Call for Thursday, May 4, 2023 at 1:00 p.m. EasternApril 27, 2023 | seekingalpha.comThe New Earthstone EnergyApril 26, 2023 | americanbankingnews.comStephens Initiates Coverage on Earthstone Energy (NYSE:ESTE)April 22, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Earthstone Energy (ESTE)April 19, 2023 | americanbankingnews.comAnalyzing Riley Exploration Permian (NYSE:REPX) and Earthstone Energy (NYSE:ESTE)April 16, 2023 | finance.yahoo.comWe Ran A Stock Scan For Earnings Growth And Earthstone Energy (NYSE:ESTE) Passed With EaseApril 11, 2023 | thestreet.comEarthstone Energy Stock Soars (ESTE)April 11, 2023 | americanbankingnews.comTruist Financial Raises Earthstone Energy (NYSE:ESTE) Price Target to $30.00April 10, 2023 | americanbankingnews.comEarthstone Energy, Inc. (NYSE:ESTE) Given Consensus Rating of "Hold" by BrokeragesApril 9, 2023 | seekingalpha.comEarthstone Energy: Conservative Question Will Be AnsweredSee More Headlines ESTE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESTE Company Calendar Last Earnings5/03/2023Today6/10/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:ESTE Previous SymbolNASDAQ:ESTE CUSIPN/A CIK10254 Webwww.earthstoneenergy.com Phone(281) 298-4246Fax832-823-0498Employees81Year FoundedN/APrice Target and Rating Average Stock Price Forecast$22.67 High Stock Price Forecast$30.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+71.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$5.16 Trailing P/E Ratio2.56 Forward P/E Ratio3.18 P/E GrowthN/ANet Income$452.48 million Net Margins28.58% Pretax Margin48.81% Return on Equity28.38% Return on Assets16.39% Debt Debt-to-Equity Ratio0.41 Current Ratio0.52 Quick Ratio0.52 Sales & Book Value Annual Sales$1.70 billion Price / Sales1.10 Cash Flow$6.33 per share Price / Cash Flow2.09 Book Value$16.62 per share Price / Book0.80Miscellaneous Outstanding Shares140,440,000Free Float83,325,000Market Cap$1.86 billion OptionableNot Optionable Beta2.09 Key ExecutivesRobert John AndersonPresident, Chief Executive Officer & DirectorSteven C. CollinsChief Operating Officer & Executive Vice PresidentMark LumpkinChief Financial Officer & Executive Vice PresidentRobert W. HuntExecutive Vice President & General CounselTony OviedoExecutive VP-Accounting & AdministrationKey CompetitorsTalos EnergyNYSE:TALOCrescent EnergyNYSE:CRGYVermilion EnergyNYSE:VETCallon PetroleumNYSE:CPEVista EnergyNYSE:VISTView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 206,062 shares on 6/1/2023Ownership: 2.060%Ameriprise Financial Inc.Bought 87,268 shares on 5/22/2023Ownership: 0.252%New York State Common Retirement FundSold 557,223 shares on 5/18/2023Ownership: 0.077%JPMorgan Chase & Co.Sold 84,233 shares on 5/18/2023Ownership: 0.060%Geode Capital Management LLCBought 23,714 shares on 5/16/2023Ownership: 0.545%View All Insider TransactionsView All Institutional Transactions ESTE Stock - Frequently Asked Questions Should I buy or sell Earthstone Energy stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ESTE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESTE, but not buy additional shares or sell existing shares. View ESTE analyst ratings or view top-rated stocks. What is Earthstone Energy's stock price forecast for 2023? 6 brokers have issued twelve-month target prices for Earthstone Energy's stock. Their ESTE share price forecasts range from $18.00 to $30.00. On average, they expect the company's stock price to reach $22.67 in the next year. This suggests a possible upside of 71.5% from the stock's current price. View analysts price targets for ESTE or view top-rated stocks among Wall Street analysts. How have ESTE shares performed in 2023? Earthstone Energy's stock was trading at $14.23 on January 1st, 2023. Since then, ESTE shares have decreased by 7.1% and is now trading at $13.22. View the best growth stocks for 2023 here. Are investors shorting Earthstone Energy? Earthstone Energy saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,800,000 shares, a drop of 7.9% from the April 15th total of 9,560,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is presently 6.2 days. View Earthstone Energy's Short Interest. When is Earthstone Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our ESTE earnings forecast. How were Earthstone Energy's earnings last quarter? Earthstone Energy, Inc. (NYSE:ESTE) issued its earnings results on Wednesday, May, 3rd. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. The oil and gas producer earned $413.14 million during the quarter, compared to analysts' expectations of $391.95 million. Earthstone Energy had a trailing twelve-month return on equity of 28.38% and a net margin of 28.58%. The firm's quarterly revenue was up 110.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. What ETFs hold Earthstone Energy's stock? ETFs with the largest weight of Earthstone Energy (NYSE:ESTE) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Natural Gas ETF (FCG), First Trust Small Cap Growth AlphaDEX Fund (FYC), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), AI Powered Equity ETF (AIEQ), First Trust Small Cap Core AlphaDEX Fund (FYX) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). What other stocks do shareholders of Earthstone Energy own? 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). What is Earthstone Energy's stock symbol? Earthstone Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTE." Who are Earthstone Energy's major shareholders? Earthstone Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ranger Investment Management L.P. (2.45%), State Street Corp (2.32%), BlackRock Inc. (2.13%), Macquarie Group Ltd. (2.06%), Macquarie Group Ltd. (2.06%) and American Century Companies Inc. (1.99%). Insiders that own company stock include Cypress Investments, Llc, Frank Alan Lodzinski, James W Bernau, Jay Frederick Joliat, Mark Lumpkin Jr, Pincus (E&P) Xii LP Warburg, Post Oak Energy Holdings, Llc, Resources Holding Independence, Robert John Anderson and Tony Oviedo. View institutional ownership trends. How do I buy shares of Earthstone Energy? 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. Compare Top Brokerages Here. What is Earthstone Energy's stock price today? One share of ESTE stock can currently be purchased for approximately $13.22. How much money does Earthstone Energy make? Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.86 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 $5.16 on an earnings per share basis. How can I contact Earthstone Energy? 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. This page (NYSE:ESTE) was last updated on 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Earthstone Energy, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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