Could Earthstone Energy, Inc. (ESTE) Lose Strenght? The Stock Increases A Lot Today

Earthstone Energy, Inc. (NYSE:ESTE) Logo

The stock of Earthstone Energy, Inc. (NYSE:ESTE) is a huge mover today! The stock increased 3.84% or $0.14 during the last trading session, reaching $3.79. About 114,668 shares traded. Earthstone Energy, Inc. (NYSE:ESTE) has declined 54.61% since September 13, 2018 and is downtrending. It has underperformed by 54.61% the S&P500.
The move comes after 6 months positive chart setup for the $234.62M company. It was reported on Sep, 13 by Barchart.com. We have $4.06 PT which if reached, will make NYSE:ESTE worth $16.42M more.

Analysts await Earthstone Energy, Inc. (NYSE:ESTE) to report earnings on November, 6. They expect $0.15 EPS, up 7.14 % or $0.01 from last year’s $0.14 per share. ESTE’s profit will be $9.29 million for 6.32 P/E if the $0.15 EPS becomes a reality. After $0.23 actual EPS reported by Earthstone Energy, Inc. for the previous quarter, Wall Street now forecasts -34.78 % negative EPS growth.

More notable recent Earthstone Energy, Inc. (NYSE:ESTE) news were published by: Benzinga.com which released: “Stocks That Hit 52-Week Lows On Friday – Benzinga” on August 23, 2019, also Seekingalpha.com with their article: “Earthstone Energy, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on March 13, 2019, Fool.com published: “Earthstone Energy Inc (ESTE) Q1 2019 Earnings Call Transcript – Motley Fool” on May 06, 2019. More interesting news about Earthstone Energy, Inc. (NYSE:ESTE) were released by: Seekingalpha.com and their article: “Earthstone Energy: Small Size Poses Potential Challenges – Seeking Alpha” published on July 25, 2019 as well as Seekingalpha.com‘s news article titled: “The Trials Of The Pros At Earthstone Energy – Seeking Alpha” with publication date: July 24, 2019.

Earthstone Energy, Inc., an oil and natural gas development and production company, operates in the up-stream segment of the oil and natural gas industry in the United States. The company has market cap of $234.62 million. The Company’s asset portfolio includes the Midland Basin of west Texas, the Eagle Ford trend of south Texas, and in the Williston Basin of North Dakota. It has a 3.88 P/E ratio. As of December 31, 2016, the firm operated 70 gross Eagle Ford wells; and 9 gross Austin Chalk wells, as well as had 12,051 thousand barrels of oil equivalent of total proved reserves, 9,361 MBOE of proved developed reserves, and 2,690 MBOE of proved undeveloped reserves.

Earthstone Energy, Inc. (NYSE:ESTE) Ratings Chart

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