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, 3 hold ratings and 2 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 brokerages have issued 1 year target prices for Earthstone Energy's stock. Their ESTE share price forecasts range from $15.00 to $35.00. On average, they anticipate the company's share price to reach $23.67 in the next twelve months. This suggests a possible upside of 76.0% 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 decreased by 5.5% and is now trading at $13.45.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
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Earthstone Energy, Inc. (NYSE:ESTE) announced its earnings results on Wednesday, November, 3rd. The oil and gas producer reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The oil and gas producer earned $110.38 million during the quarter, compared to analysts' expectations of $88.07 million. Earthstone Energy had a trailing twelve-month return on equity of 30.55% and a net margin of 26.98%. During the same quarter last year, the business posted $0.06 EPS.

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 institutional and retail investors. Top institutional shareholders include Post Oak Energy Holdings LLC (7.99%), Redwood Investments LLC (0.54%), New York State Common Retirement Fund (0.48%), Smith Graham & Co. Investment Advisors LP (0.39%), Moody Aldrich Partners LLC (0.24%) and Monarch Partners Asset Management LLC (0.11%). 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 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 $13.45.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.88 billion and generates $1.34 billion in revenue each year. The oil and gas producer earns $35.48 million in net income (profit) each year or $3.59 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.