Earthstone Energy - ESTE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued twelve-month target prices for Earthstone Energy's shares. Their ESTE share price forecasts range from $15.00 to $35.00. On average, they expect the company's share price to reach $23.17 in the next year. This suggests a possible upside of 99.9% 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 18.6% and is now trading at $11.59.
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Earthstone Energy saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 9,920,000 shares, an increase of 10.3% from the February 13th total of 8,990,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 7.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Earthstone Energy, Inc. (NYSE:ESTE) released its earnings results on Wednesday, March, 8th. The oil and gas producer reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.09. The oil and gas producer had revenue of $494.96 million for the quarter, compared to analysts' expectations of $459.08 million. Earthstone Energy had a trailing twelve-month return on equity of 31.01% and a net margin of 26.69%. The company's quarterly revenue was up 243.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share.

ETFs with the largest weight of Earthstone Energy (NYSE:ESTE) stock in their portfolio include Changebridge Capital Sustainable Equity ETF (CBSE), Changebridge Capital Long/Short Equity ETF (CBLS), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Cambria Value and Momentum ETF (VAMO), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), First Trust Natural Gas ETF (FCG), First Trust Small Cap Growth AlphaDEX Fund (FYC) and First Trust Small Cap Core AlphaDEX Fund (FYX).

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 many different institutional and retail investors. Top institutional shareholders include Post Oak Energy Holdings LLC (7.99%), Macquarie Group Ltd. (1.92%), American Century Companies Inc. (1.51%), William Blair Investment Management LLC (1.26%), Millennium Management LLC (1.19%) and Dimensional Fund Advisors LP (1.19%). 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 $11.59.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.63 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 $4.07 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.