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 12-month price objectives for Earthstone Energy's stock. Their ESTE share price forecasts range from $15.00 to $35.00. On average, they anticipate the company's stock price to reach $23.17 in the next twelve months. This suggests a possible upside of 79.2% 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 9.1% and is now trading at $12.93.
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Earthstone Energy saw a increase in short interest in 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 short-interest ratio is currently 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) posted its earnings results on Wednesday, March, 8th. The oil and gas producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09. The oil and gas producer earned $494.96 million during the quarter, compared to analysts' expectations of $459.08 million. Earthstone Energy had a net margin of 26.69% and a trailing twelve-month return on equity of 31.01%. The business's revenue was up 243.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share.

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

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 $12.93.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.82 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.