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 12-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 stock price to reach $23.67 in the next year. This suggests a possible upside of 74.1% from the stock's current price.
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Earthstone Energy's stock was trading at $14.23 at the beginning of the year. Since then, ESTE stock has decreased by 4.5% and is now trading at $13.59.
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Earthstone Energy saw a drop in short interest during the month of December. As of December 15th, there was short interest totaling 9,890,000 shares, a drop of 9.2% from the November 30th total of 10,890,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 5.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
View our ESTE earnings forecast.

Earthstone Energy, Inc. (NYSE:ESTE) released its earnings results on Wednesday, November, 3rd. The oil and gas producer reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The oil and gas producer earned $110.38 million during the quarter, compared to the consensus estimate of $88.07 million. Earthstone Energy had a net margin of 26.98% and a trailing twelve-month return on equity of 30.55%. During the same period in the prior year, the business earned $0.06 earnings per share.

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 variety of institutional and retail investors. Top institutional investors 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 $13.59.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.90 billion and generates $419.64 million 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.