Should I buy or sell Earthstone Energy stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last year. There are currently 2 hold ratings and 1 buy rating 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. View ESTE analyst ratings or view top-rated stocks .

What is Earthstone Energy's stock price target for 2024?

3 brokerages have issued 12 month target prices for Earthstone Energy's stock. Their ESTE share price targets range from $18.00 to $29.00. On average, they expect the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 6.3% from the stock's current price. View analysts price targets for ESTE or view top-rated stocks among Wall Street analysts .

How were Earthstone Energy's earnings last quarter?

Earthstone Energy, Inc. (NYSE:ESTE) announced its earnings results on Tuesday, October, 31st. The oil and gas producer reported $0.75 EPS for the quarter, missing the consensus estimate of $0.80 by $0.05. The oil and gas producer had revenue of $475.80 million for the quarter, compared to the consensus estimate of $449.68 million. Earthstone Energy had a net margin of 25.40% and a trailing twelve-month return on equity of 22.08%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share.

How often does Earthstone Energy pay dividends? What is the dividend yield for Earthstone Energy?

Earthstone Energy declared an annual dividend on Monday, October 23rd. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.1446 per share on Monday, November 6th. This represents a dividend yield of 0.67%. The ex-dividend date is Monday, October 30th. Read our dividend analysis for ESTE .

Is Earthstone Energy a good dividend stock?

Earthstone Energy (NYSE:ESTE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 4.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESTE will have a dividend payout ratio of 2.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ESTE .

What ETFs hold Earthstone Energy's stock?

ETFs with the largest weight of Earthstone Energy (NYSE:ESTE) stock in their portfolio include First Trust Natural Gas ETF (FCG) . WisdomTree U.S. SmallCap Fund (EES) .

What other stocks do shareholders of Earthstone Energy own?

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) .

NYSE:ESTE

Earthstone Energy (ESTE) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $21.17
▼
$21.17
50-Day Range: $18.35
▼
$22.44
52-Week Range: $11.32
▼
$22.45

Volume: N/A
Average Volume: 1.51 million shs
Market Capitalization: $2.98 billion

P/E Ratio: 4.99
Dividend Yield: N/A
Price Target: $22.50

Stock Analysis Analyst Forecasts Dividend Earnings Headlines Insider Trades Ownership Social Media Sustainability

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Earthstone Energy MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 6.3% Upside
$22.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -8.30
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 47.02%
From $3.36 to $4.94 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.91 out of 5 stars

Oils/Energy Sector

209th out of 226 stocks

Crude Petroleum & Natural Gas Industry

67th out of 73 stocks

1.2

Analyst's Opinion

Consensus Rating
Earthstone Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Earthstone Energy has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ESTE.

1.7

Dividend Strength

Dividend Yield
Earthstone Energy does not currently pay a dividend.
Dividend Growth
Earthstone Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Earthstone Energy is 4.88%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Earthstone Energy will have a dividend payout ratio of 2.83% next year. This indicates that Earthstone Energy will be able to sustain or increase its dividend.

0.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Earthstone Energy has received a -95.82% net impact score from Upright. The largest negative impact of Earthstone Energy in category "GHG emissions" seems to be driven mostly by its "Crude oil", "Crude natural gas", and "Natural gas exploration services" products. See details.
Environmental Sustainability
The Environmental Impact score for Earthstone Energy is -8.30.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Earthstone Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.30% of the stock of Earthstone Energy is held by insiders.
Percentage Held by Institutions
69.94% of the stock of Earthstone Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Earthstone Energy are expected to grow by 47.02% in the coming year, from $3.36 to $4.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Earthstone Energy is 4.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Earthstone Energy is 4.99, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.73.
Price to Book Value per Share Ratio
Earthstone Energy has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Earthstone Energy Stock (NYSE:ESTE)

Earthstone Energy, Inc., operates as an independent oil and gas company in the United States. It engages in the acquisition and development of oil and gas reserves through drilling and development of undeveloped leases, as well as asset and corporate acquisitions and mergers. The company's asset portfolio includes the Midland Basin in West Texas, Delaware Basin in New Mexico, and the Eagle Ford trend located in southern Gonzales County, Texas. Earthstone Energy, Inc. was incorporated in 1969 and is headquartered in The Woodlands, Texas.

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ESTE Stock News Headlines

March 7, 2024 | investing.com

Permian Resources stock target raised to $17 on strong performance

February 9, 2024 | benzinga.com

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January 26, 2024 | seekingalpha.com

Chord Energy: Will Q3's Production Growth Continue

November 1, 2023 | finance.yahoo.com

Earthstone Energy Inc (ESTE) Reports Q3 2023 Earnings: Net Income of $87.2 Million

November 1, 2023 | finanznachrichten.de

Earthstone Energy Inc: Earthstone Energy, Inc. Reports 2023 Third Quarter and Year-to-Date Financial Results

November 1, 2023 | finance.yahoo.com

Earthstone Energy, Inc. Reports 2023 Third Quarter and Year-to-Date Financial Results

October 26, 2023 | finance.yahoo.com

Earnings Preview: Denbury (DEN) Q3 Earnings Expected to Decline

April 18, 2024 | American Alternative (Ad)

Your Money is Not Safe

October 25, 2023 | finance.yahoo.com

Earnings Preview: Earthstone Energy (ESTE) Q3 Earnings Expected to Decline

October 24, 2023 | finance.yahoo.com

Earthstone Declares ‘Special’ Cash Dividend

October 23, 2023 | finance.yahoo.com

Earthstone Declares Cash Dividend

October 17, 2023 | finance.yahoo.com

Insider Sell: EVP, PAO Tony Oviedo Sells 20,899 Shares of Earthstone Energy Inc (ESTE)

October 14, 2023 | finance.yahoo.com

Insider Sell: EVP and CFO Mark Lumpkin Sells 10,967 Shares of Earthstone Energy Inc (ESTE)

October 13, 2023 | finance.yahoo.com

Why Earthstone Energy Inc's Stock Skyrocketed 35% in a Quarter

October 9, 2023 | finance.yahoo.com

What's Driving Earthstone Energy Inc's Surprising 39% Stock Rally?

October 9, 2023 | finance.yahoo.com

What's Driving Earthstone Energy Inc's Surprising 41% Stock Rally?

October 8, 2023 | seekingalpha.com

Permian Resources: The Best Permian Pure Play On The Market

October 6, 2023 | finance.yahoo.com

Earthstone Energy (ESTE): An Undervalued Gem in the Oil & Gas Industry?

October 6, 2023 | finance.yahoo.com

What's Driving Earthstone Energy Inc's Surprising 38% Stock Rally?

October 6, 2023 | markets.businessinsider.com

Blank Spaces: 3 Stocks That Have Room to Grow in the Future

October 3, 2023 | finanznachrichten.de

Earthstone Energy Inc: Earthstone Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction

October 3, 2023 | finance.yahoo.com

Earthstone Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction

September 28, 2023 | benzinga.com

Executive Chairman At This Energy Company Sells $1.05M of Stock

September 13, 2023 | 247wallst.com

Capital One Downgrades Earthstone Energy

September 13, 2023 | msn.com

Capital One Downgrades Earthstone Energy Inc - (ESTE)

September 12, 2023 | markets.businessinsider.com

What 9 Analyst Ratings Have To Say About Earthstone Energy

See More Headlines

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Company Calendar

Last Earnings: 10/31/2023
Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:ESTE
Previous Symbol: NASDAQ:ESTE
CUSIP: N/A
CIK: 10254
Web: www.earthstoneenergy.com
Phone: (281) 298-4246
Fax: 832-823-0498
Employees: 219
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.50
High Stock Price Target: $29.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +6.3%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.87
Trailing P/E Ratio: 4.99
Forward P/E Ratio: 6.30
P/E Growth: N/A
Net Income: $452.48 million
Net Margins: 25.40%
Pretax Margin: 43.82%
Return on Equity: 22.08%
Return on Assets: 13.03%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 0.55
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $1.81 billion
Price / Sales: 1.64
Cash Flow: $6.40 per share
Price / Cash Flow: 3.31
Book Value: $16.62 per share
Price / Book: 1.27

Miscellaneous

Outstanding Shares: 140,589,000
Free Float: 135,950,000
Market Cap: $2.98 billion
Optionable: Not Optionable
Beta: 2.07

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Key Executives

Mr. Frank A. Lodzinski (Age 74)
Exec. Chairman
Mr. Robert J. Anderson (Age 61)
Pres, CEO & Director
Comp: $1.31M
Mr. Mark Lumpkin Jr. (Age 49)
Exec. VP & CFO
Comp: $944.97k
Mr. Steven C. Collins (Age 58)
Exec. VP & COO
Comp: $944.97k
Mr. Tony Oviedo CPA (Age 69)
Exec. VP of Accounting & Admin.
Comp: $944.97k
Mr. Timothy D. Merrifield (Age 67)
Exec. VP of Geology & Geophysics
Comp: $944.97k
Mr. Clay P. Jeansonne
Director of Investor Relations
Mr. Robert W. Hunt Jr. (Age 42)
J.D., Exec. VP, Gen. Counsel & Corp. Sec.
Mr. Leonard W. Wood
VP of Exploration & Devel.
Mr. Scott Thelander
VP of Fin. & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ESTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Earthstone Energy stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last year. There are currently 2 hold ratings and 1 buy rating 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.
View ESTE analyst ratings or view top-rated stocks.
What is Earthstone Energy's stock price target for 2024?: 3 brokerages have issued 12 month target prices for Earthstone Energy's stock. Their ESTE share price targets range from $18.00 to $29.00. On average, they expect the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
View analysts price targets for ESTE or view top-rated stocks among Wall Street analysts.
How were Earthstone Energy's earnings last quarter?: Earthstone Energy, Inc. (NYSE:ESTE) announced its earnings results on Tuesday, October, 31st. The oil and gas producer reported $0.75 EPS for the quarter, missing the consensus estimate of $0.80 by $0.05. The oil and gas producer had revenue of $475.80 million for the quarter, compared to the consensus estimate of $449.68 million. Earthstone Energy had a net margin of 25.40% and a trailing twelve-month return on equity of 22.08%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share.
How often does Earthstone Energy pay dividends? What is the dividend yield for Earthstone Energy?: Earthstone Energy declared an annual dividend on Monday, October 23rd. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.1446 per share on Monday, November 6th. This represents a dividend yield of 0.67%. The ex-dividend date is Monday, October 30th.
Read our dividend analysis for ESTE.

Is Earthstone Energy a good dividend stock?: Earthstone Energy (NYSE:ESTE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 4.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESTE will have a dividend payout ratio of 2.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESTE.
What ETFs hold Earthstone Energy's stock?: ETFs with the largest weight of Earthstone Energy (NYSE:ESTE) stock in their portfolio include First Trust Natural Gas ETF (FCG).WisdomTree U.S. SmallCap Fund (EES).
What other stocks do shareholders of Earthstone Energy own?: 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).

This page (NYSE:ESTE) was last updated on 4/18/2024 by MarketBeat.com Staff

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Earthstone Energy (ESTE) Stock Price, News & Analysis

Earthstone Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

Company Ownership

Earnings and Valuation

About Earthstone Energy Stock (NYSE:ESTE)

ESTE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ESTE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™