FY2018 EPS Estimates for Earthstone Energy, Inc. (ESTE) Reduced by Imperial Capital

Earthstone Energy, Inc. (NYSE:ESTE) – Stock analysts at Imperial Capital decreased their FY2018 EPS estimates for shares of Earthstone Energy in a research report issued to clients and investors on Tuesday. Imperial Capital analyst J. Wangler now expects that the oil and gas producer will post earnings of $0.40 per share for the year, down from their previous forecast of $0.41. Imperial Capital has a “Outperform” rating and a $13.00 price objective on the stock.

A number of other equities analysts have also weighed in on ESTE. Zacks Investment Research upgraded Earthstone Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Roth Capital set a $16.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Northland Securities set a $18.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, August 21st. Robert W. Baird reissued a “buy” rating on shares of Earthstone Energy in a research report on Sunday, September 17th. Finally, BidaskClub raised Earthstone Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Earthstone Energy presently has an average rating of “Buy” and a consensus target price of $15.20.

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Shares of Earthstone Energy (ESTE) traded up $0.35 during midday trading on Thursday, hitting $8.79. The stock had a trading volume of 186,362 shares, compared to its average volume of 129,239. The company has a market capitalization of $581.86, a price-to-earnings ratio of 10.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.59 and a current ratio of 0.59. Earthstone Energy has a one year low of $7.85 and a one year high of $15.71.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Earthstone Energy by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 35,607 shares of the oil and gas producer’s stock valued at $356,000 after acquiring an additional 2,787 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Earthstone Energy by 4.8% during the 2nd quarter. Victory Capital Management Inc. now owns 107,586 shares of the oil and gas producer’s stock valued at $1,077,000 after acquiring an additional 4,910 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Earthstone Energy by 109.0% during the 3rd quarter. American International Group Inc. now owns 12,796 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 6,673 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Earthstone Energy by 61.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,916 shares of the oil and gas producer’s stock valued at $249,000 after acquiring an additional 9,519 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Earthstone Energy by 849.2% during the 2nd quarter. New York State Common Retirement Fund now owns 11,400 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 10,199 shares in the last quarter. 12.05% of the stock is currently owned by institutional investors.

Earthstone Energy Company Profile

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.

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