The closing price of Earthstone Energy Inc. (NYSE: ESTE) was 13.07 for the day, down -4.18% from the previous closing price of $13.64. In other words, the price has decreased by $-0.57 from its previous closing price. On the day, 2991138 shares were traded. ESTE reached its highest trading level at $13.44 during the session, while it also had its lowest trading level at $12.78.
Our analysis of ESTE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
On April 14, 2022, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $15.
On November 03, 2021, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $15.The Benchmark Company initiated its Buy rating on November 03, 2021, with a $15 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 14 when Lodzinski Frank Alan sold 26,132 shares for $11.05 per share. The transaction valued at 288,759 led to the insider holds 439,076 shares of the business.
Joliat Jay Frederick bought 20,237 shares of ESTE for $235,963 on Jul 06. The Director now owns 90,000 shares after completing the transaction at $11.66 per share. On Apr 21, another insider, Lumpkin Mark Jr, who serves as the EVP and CFO of the company, sold 30,000 shares for $16.47 each. As a result, the insider received 494,100 and left with 208,253 shares of the company.
As of this moment, Earthstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.64, and their Forward P/E ratio for the next fiscal year is 2.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 0.80.
Stock Price History:
Over the past 52 weeks, ESTE has reached a high of $22.25, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is 14.05, while the 200-Day Moving Average is calculated to be 13.86.
ESTE traded an average of 1.85M shares per day over the past three months and 2.33M shares per day over the past ten days. A total of 78.29M shares are outstanding, with a floating share count of 48.76M. Insiders hold about 1.50% of the company’s shares, while institutions hold 67.60% stake in the company. Shares short for ESTE as of Jul 14, 2022 were 13.48M with a Short Ratio of 6.94, compared to 9.46M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 12.92% and a Short% of Float of 17.96%.
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $1.25 for the current quarter, with a high estimate of $1.42 and a low estimate of $1.1, while EPS last year was $0.26. The consensus estimate for the next quarter is $1.36, with high estimates of $1.72 and low estimates of $1.09.
Analysts are recommending an EPS of between $5.98 and $4.55 for the fiscal current year, implying an average EPS of $5.2. EPS for the following year is $5.18, with 5 analysts recommending between $6.61 and $2.62.
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $450.69M to a low estimate of $328M. As of the current estimate, Earthstone Energy Inc.’s year-ago sales were $89.67M, an estimated increase of 318.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $410.37M, an increase of 348.00% over than the figure of $318.40% in the same quarter last year. There is a high estimate of $483M for the next quarter, whereas the lowest estimate is $333M.
A total of 6 analysts have provided revenue estimates for ESTE’s current fiscal year. The highest revenue estimate was $1.6B, while the lowest revenue estimate was $1.26B, resulting in an average revenue estimate of $1.44B. In the same quarter a year ago, actual revenue was $419.64M, up 244.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.91B in the next fiscal year. The high estimate is $2.39B and the low estimate is $1.49B. The average revenue growth estimate for next year is up 32.10% from the average revenue estimate for this year.