Earthstone Energy - ESTE Stock Forecast, Price & News

6 Wall Street 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 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 analysts have issued 12 month price objectives for Earthstone Energy's shares. Their ESTE share price forecasts range from $15.00 to $35.00. On average, they anticipate the company's share price to reach $23.00 in the next year. This suggests a possible upside of 104.6% from the stock's current price.
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Earthstone Energy's stock was trading at $10.94 at the beginning of the year. Since then, ESTE stock has increased by 2.7% and is now trading at $11.24.
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Earthstone Energy saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,810,000 shares, a drop of 11.2% from the August 15th total of 14,420,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is presently 6.9 days. Currently, 29.3% of the company's stock are short sold.
View Earthstone Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ESTE earnings forecast.

Earthstone Energy, Inc. (NYSE:ESTE) posted its earnings results on Thursday, August, 4th. The oil and gas producer reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.06. The oil and gas producer earned $472.50 million during the quarter, compared to the consensus estimate of $380.03 million. Earthstone Energy had a trailing twelve-month return on equity of 25.59% and a net margin of 17.51%. The company's revenue was up 426.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 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 State Street Corp (2.60%), Macquarie Group Ltd. (1.65%), William Blair Investment Management LLC (1.37%), Penn Capital Management Company LLC (0.86%), Rothschild & Co. Asset Management US Inc. (0.72%) and Royce & Associates LP (0.72%). Insiders that own company stock include Frank Alan Lodzinski, James W Bernau, Jay Frederick Joliat, Mark Lumpkin Jr, 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 $11.24.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.60 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 $1.85 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.