About Earthstone Energy (NYSE:ESTE)
Earthstone Energy, Inc. is an independent oil and natural gas development and production company. The Company is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States. The Company's reserve portfolio primarily consists of assets in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota. As of December 31, 2016, the Company held approximately 5,900 net leasehold acres in the Midland Basin, located in Howard, Glasscock, Martin and Midland Counties. As of December 31, 2016, it also has approximately 21,000 net leasehold acres in the Eagle Ford trend of south Texas. In the Williston Basin of North Dakota, it had approximately 5,900 net leasehold acres, as of December 31, 2016.
Industry, Sector and Symbol:
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: N/A
- Sector: Energy
- Symbol: NYSE:ESTE
- Previous Symbol: NASDAQ:ESTE
- CUSIP: N/A
- Web: www.earthstoneenergy.com
- Debt-to-Equity Ratio: 0.11%
- Current Ratio: 0.59%
- Quick Ratio: 0.59%
Sales & Book Value:
- Trailing P/E Ratio: 10.54
- Forward P/E Ratio: -15.67
- Annual Sales: $42.27 million
- Price / Sales: 12.96
- Cash Flow: $1.29 per share
- Price / Cash: 6.70
- Book Value: $10.83 per share
- Price / Book: 0.80
- Trailing EPS: ($2.13)
- Net Income: $-54,540,000.00
- Net Margins: -54.69%
- Return on Equity: 4.01%
- Return on Assets: 3.25%
- Employees: 49
- Outstanding Shares: 63,560,000
Frequently Asked Questions for Earthstone Energy (NYSE:ESTE)
What is Earthstone Energy's stock symbol?
Earthstone Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTE."
How were Earthstone Energy's earnings last quarter?
Earthstone Energy, Inc. (NYSE:ESTE) announced its quarterly earnings data on Monday, May, 8th. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.03. The oil and gas producer earned $15.34 million during the quarter, compared to the consensus estimate of $16.60 million. Earthstone Energy had a negative net margin of 54.69% and a positive return on equity of 4.01%. View Earthstone Energy's Earnings History.
Where is Earthstone Energy's stock going? Where will Earthstone Energy's stock price be in 2017?
9 brokerages have issued 1 year price objectives for Earthstone Energy's stock. Their predictions range from $11.00 to $19.00. On average, they expect Earthstone Energy's stock price to reach $15.56 in the next twelve months. View Analyst Ratings for Earthstone Energy.
What are Wall Street analysts saying about Earthstone Energy stock?
Here are some recent quotes from research analysts about Earthstone Energy stock:
- 1. According to Zacks Investment Research, "Earthstone Energy, Inc., formerly known as Basic Earth Science Systems, Inc., is an independent oil and gas exploration and production company. Its primary focus is in the Montana and North Dakota portions of the Williston basin. The Company is based in Denver, Colorado. " (11/9/2017)
- 2. FBR & Co analysts commented, "Earthstone Energy hosted its 4Q16 earnings call on March 16 following an earnings release after the close on March 15. Investors remain focused on the company's strategic shift to the Midland Basin and, to that end, the update was incrementally positive. We are increasing our production forecast on outperformance from Bold Energy, which is being acquired by ESTE. While our price target slips to $16 (from $17) on lower marked-to-market commodity prices, we reiterate our Outperform rating on ESTE, which remains our top value pick for Midland Basin exposure." (3/17/2017)
Who are some of Earthstone Energy's key competitors?
Some companies that are related to Earthstone Energy include Unit Corporation (UNT), Advantage Oil & Gas Ltd (AAV), Gran Tierra Energy (GTE), Venoco (VQ), Baytex Energy Corp (BTE), Eclipse Resources Corporation (ECR), Denbury Resources (DNR), California Resources Corporation (CRC), UK Oil & Gas Investments PLC (UKOG), EP Energy (EPE), Hurricane Energy PLC (HUR), Sound Energy plc (SOU), Pengrowth Energy Corporation (PGH), Bill Barrett Corporation (BBG), Ophir Energy Plc (OPHR), W&T Offshore (WTI), Sanchez Energy Corporation (SN) and SOCO International plc (SIA).
Who are Earthstone Energy's key executives?
Earthstone Energy's management team includes the folowing people:
- Frank Alan Lodzinski, Chairman of the Board, President, Chief Executive Officer (Age 66)
- Mark Lumpkin Jr., Chief Financial Officer, Executive Vice President
- Tony Oviedo CPA, Executive Vice President, Principal Accounting Officer (Age 63)
- Ray Singleton, Executive Vice President of Northern Region, Director (Age 64)
- Robert John Anderson, Executive Vice President - Corporate Development and Engineering (Age 54)
- Steve C. Collins, Executive Vice President - Completions and Operations (Age 50)
- Chris E. Cottrell, Executive Vice President - Land and Marketing (Age 55)
- Timothy D. Merrifield, Executive Vice President - Geological and Geophysical (Age 59)
- Francis M. Mury, Executive Vice President - Drilling and Development (Age 63)
- Neil K. Cohen, Vice President - Finance , Treasurer (Age 33)
Who owns Earthstone Energy stock?
Earthstone Energy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wasatch Advisors Inc. (1.32%), Northpointe Capital LLC (2.27%), Point72 Asset Management L.P. (0.63%), Sanders Morris Harris LLC (0.66%), Argent Capital Management LLC (0.15%) and Dimensional Fund Advisors LP (0.14%). Company insiders that own Earthstone Energy stock include Frank Alan Lodzinski, Oak Valley Resources, Llc, Ray J Singleton, Jr and Robert John Anderson. View Institutional Ownership Trends for Earthstone Energy.
Who sold Earthstone Energy stock? Who is selling Earthstone Energy stock?
Who bought Earthstone Energy stock? Who is buying Earthstone Energy stock?
Earthstone Energy's stock was bought by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Wasatch Advisors Inc., Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., California State Teachers Retirement System, Rhumbline Advisers and American International Group Inc.. Company insiders that have bought Earthstone Energy stock in the last two years include Frank Alan Lodzinski, Oak Valley Resources, Llc and Ray J Singleton, Jr. View Insider Buying and Selling for Earthstone Energy.
How do I buy Earthstone Energy stock?
Shares of Earthstone Energy can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Earthstone Energy's stock price today?
One share of Earthstone Energy stock can currently be purchased for approximately $8.62.
How big of a company is Earthstone Energy?
Earthstone Energy has a market capitalization of $554.88 million and generates $42.27 million in revenue each year. The oil and gas producer earns $-54,540,000.00 in net income (profit) each year or ($2.13) on an earnings per share basis. Earthstone Energy employs 49 workers across the globe.
How can I contact Earthstone Energy?
Earthstone Energy's mailing address is 1400 Woodloch Forest Dr Ste 300, THE WOODLANDS, TX 77380-1197, United States. The oil and gas producer can be reached via phone at +1-281-2984246 or via email at [email protected]
MarketBeat Community Rating for Earthstone Energy (NYSE ESTE)MarketBeat's community ratings are surveys of what our community members think about Earthstone Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Earthstone Energy (NYSE:ESTE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 8 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.89)|
|Consensus Price Target: ||$15.56 (80.46% upside)|
Consensus Price Target History for Earthstone Energy (NYSE:ESTE)
Analysts' Ratings History for Earthstone Energy (NYSE:ESTE)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/30/2017||Roth Capital||Set Price Target||Buy||$16.00||N/A|
|10/20/2017||Robert W. Baird||Set Price Target||Buy||$15.00 -> $14.00||N/A|
|10/20/2017||SunTrust Banks, Inc.||Set Price Target||Buy||$15.00||N/A|
|9/26/2017||Northland Securities||Reiterated Rating||Buy||$18.00||Medium|
|8/1/2017||Imperial Capital||Initiated Coverage||Outperform||$13.00||N/A|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$17.00 -> $11.00||N/A|
|3/17/2017||FBR & Co||Lower Price Target||Outperform||$17.00 -> $16.00||N/A|
|3/16/2017||Canaccord Genuity||Set Price Target||Buy||$18.00||N/A|
|1/18/2017||Iberia Capital||Initiated Coverage||Outperform||$19.00||N/A|
|6/16/2016||Cantor Fitzgerald||Reiterated Rating||Buy||$19.00 -> $16.00||N/A|
|3/14/2016||Eurobank EFG||Lower Price Target||Buy||$22.00 -> $18.00||N/A|
|2/3/2016||GMP Securities||Reiterated Rating||Buy||$15.00||N/A|
Earnings History and Estimates Chart for Earthstone Energy (NYSE:ESTE)
Earnings History by Quarter for Earthstone Energy (NYSE ESTE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||Q1||($0.03)||($0.06)||$16.60 million||$15.34 million||View||N/A|
Earnings Estimates for Earthstone Energy (NYSE:ESTE)
Current Year EPS Consensus Estimate: $-0.55 EPS
Next Year EPS Consensus Estimate: $0.31 EPS
Dividend History for Earthstone Energy (NYSE:ESTE)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Earthstone Energy (NYSE ESTE)
Insider Ownership Percentage: 43.30%
Institutional Ownership Percentage: 12.05%
Insider Trades by Quarter for Earthstone Energy (NYSE ESTE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/14/2017||Robert John Anderson||EVP||Sell||15,000||$10.00||$150,000.00|| |
|6/21/2016||Frank Alan Lodzinski||CEO||Buy||24,500||$10.50||$257,250.00|| |
|6/21/2016||Oak Valley Resources, Llc||Major Shareholder||Buy||38,000||$10.50||$399,000.00|| |
|6/21/2016||Ray J. Singleton, Jr.||EVP||Buy||9,500||$10.50||$99,750.00|| |
Latest Headlines for Earthstone Energy (NYSE ESTE)
Earthstone Energy (NYSE ESTE) Chart for Tuesday, November, 21, 2017