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, 3 hold ratings and 2 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.
View ESTE analyst ratings or view top-rated stocks.

6 brokers have issued twelve-month price targets for Earthstone Energy's stock. Their ESTE share price forecasts range from $15.00 to $35.00. On average, they expect the company's share price to reach $23.67 in the next year. This suggests a possible upside of 70.3% from the stock's current price.
View analysts price targets for ESTE or view top-rated stocks among Wall Street analysts.

Earthstone Energy's stock was trading at $14.23 at the start of the year. Since then, ESTE stock has decreased by 2.3% and is now trading at $13.90.
View the best growth stocks for 2023 here.

Earthstone Energy saw a drop in short interest in 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 trading volume of 1,760,000 shares, the days-to-cover ratio is currently 5.6 days.
View Earthstone Energy's Short Interest.

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) issued its quarterly earnings data on Wednesday, November, 2nd. The oil and gas producer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.50 by $0.20. The oil and gas producer had revenue of $531.50 million for the quarter, compared to analyst estimates of $392.82 million. Earthstone Energy had a trailing twelve-month return on equity of 30.55% and a net margin of 26.98%.

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 investors include Post Oak Energy Holdings LLC (7.99%), Redwood Investments LLC (0.54%), New York State Common Retirement Fund (0.48%), Moody Aldrich Partners LLC (0.24%), Summit Global Investments (0.03%) and Moody National Bank Trust Division (0.02%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of ESTE stock can currently be purchased for approximately $13.90.

Earthstone Energy (NYSE:ESTE) has a market capitalization of $1.94 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.