Earthstone Energy (ESTE) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ESTE earnings forecast.

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.

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).

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."

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.
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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 $13.22.

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.

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.