Earthstone Energy (NYSE:ESTE) Upgraded by Zacks Investment Research to Strong-Buy

Earthstone Energy stock has undergone multiple analysts rating changes in the recent past.  Earthstone Energy Upgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.

Shares of Earthstone Energy traded down -$0.36 on Tuesday, reaching $10.80. 0 shares of the stock traded hands, compared to its average volume of 387071. Shares of Earthstone Energy were trading at $10.80 on Tuesday. The firm’s 50 day moving average is $8.84 and its 200 day moving average is $8.41.Earthstone Energy has a 12 month low of $10.70 and a 12 month high of $13.15. While on yearly highs and lows, Earthstone Energy’s today has traded high as $11.24 and has touched $10.70 on the downward trend. See More Analyst Rating at: RATING

Earthstone Energy Earnings and What to expect: 

Earthstone Energy last announced its quarterly earnings data on August 4th, 2021. The oil and gas producer reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $89.67 million for the quarter, compared to the consensus estimate of $71.37 million. Earthstone Energy has generated $0.46 earnings per share over the last year (($0.80) diluted earnings per share). Earnings for Earthstone Energy are expected to grow by 41.24% in the coming year, from $0.97 to $1.37 per share. Earthstone Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 3rd, 2021 based off prior year’s report dates.

Earnings for Earthstone Energy are expected to grow by 41.24% in the coming year, from $0.97 to $1.37 per share. The P/E ratio of Earthstone Energy is -13.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Earthstone Energy is -13.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Earthstone Energy has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Earthstone Energy (NYSE:ESTE) Moving Average Technical Analysis

5 day Moving Average is $11.10 And 5 day price change is -$0.80 (-6.90%)  with average volume for 5 day average is 568,820. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.63 and 20 day price change is $2.46 (29.50%) and average 20 day moving volume is 495,705. 50 day moving average is $8.84  and 50 day price change is $1.14 ( 11.80%)  and with average volume for 50 days is : 370,730. 200 day moving average is $8.41  and 200 day price change is $5.55 (105.71%)  and with average volume for 200 days is : 335,107.

Other owners latest trading in Earthstone Energy :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 154,714 which equates to market value of $1.71M and appx 0.00% owners of Earthstone Energy
  • On 8/23/2021 shares held by Morgan Stanley were 121,360 which equates to market value of $1.34M and appx 0.00% owners of Earthstone Energy
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 951,780 which equates to market value of $10.54M and appx 0.00% owners of Earthstone Energy
  • In total Institutional ownership equates to Institutional Ownership Percentage: 39.45% for Earthstone Energy

See More Analyst Rating at: RATING