In spite of Earthstone Energy Inc.’s (NYSE:ESTE) recent upswing, most analysts remain bearish.

As of close of business last night, Earthstone Energy Inc.’s stock clocked out at $14.40, down -2.04% from its previous closing price of $14.70. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1560333 shares were traded. ESTE stock price reached its highest trading level at $15.00 during the session, while it also had its lowest trading level at $14.40.

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To gain a deeper understanding of ESTE’s stock, we examine its different ratios. 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 0.76 whereas as Long-Term Debt/Eq ratio is at 0.76.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on January 10, 2023, initiated with a Neutral rating and assigned the stock a target price of $19.

On July 06, 2022, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform but kept the price unchanged to $21.

On April 14, 2022, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $15.Stephens initiated its Equal-Weight rating on April 14, 2022, with a $15 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 11 when Oviedo Tony sold 50,000 shares for $16.41 per share. The transaction valued at 820,500 led to the insider holds 71,409 shares of the business.

Oviedo Tony sold 50,000 shares of ESTE for $783,000 on Nov 09. The EVP, PAO now owns 121,409 shares after completing the transaction at $15.66 per share. On Nov 09, another insider, Lodzinski Frank Alan, who serves as the Executive Chairman of the company, sold 45,690 shares for $15.49 each. As a result, the insider received 707,738 and left with 408,386 shares of the company.

Valuation Measures:

As of this moment, Earthstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.11, and their Forward P/E ratio for the next fiscal year is 2.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 0.98.

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 $10.65. The 50-Day Moving Average of the stock is 14.38, while the 200-Day Moving Average is calculated to be 14.65.

Shares Statistics:

It appears that ESTE traded 1.50M shares on average per day over the past three months and 1.32M shares per day over the past ten days. A total of 105.25M shares are outstanding, with a floating share count of 74.81M. Insiders hold about 1.40% of the company’s shares, while institutions hold 91.40% stake in the company. Shares short for ESTE as of Oct 13, 2022 were 13.55M with a Short Ratio of 10.19M, compared to 13.8M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 12.85% and a Short% of Float of 17.80%.

Earnings Estimates

As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.47 for the current quarter, with a high estimate of $1.86 and a low estimate of $1.21, while EPS last year was $0.35. The consensus estimate for the next quarter is $1.54, with high estimates of $2.02 and low estimates of $1.14.

Analysts are recommending an EPS of between $6.2 and $4.8 for the fiscal current year, implying an average EPS of $5.26. EPS for the following year is $6.26, with 5 analysts recommending between $8.05 and $5.22.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $442.8M. It ranges from a high estimate of $502.81M to a low estimate of $345.64M. As of the current estimate, Earthstone Energy Inc.’s year-ago sales were $91.6M, an estimated increase of 383.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $493.93M, an increase of 243.00% less than the figure of $383.40% in the same quarter last year. There is a high estimate of $557M for the next quarter, whereas the lowest estimate is $339.57M.

A total of 3 analysts have provided revenue estimates for ESTE’s current fiscal year. The highest revenue estimate was $1.72B, while the lowest revenue estimate was $1.6B, resulting in an average revenue estimate of $1.67B. In the same quarter a year ago, actual revenue was $419.64M, up 298.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.05B in the next fiscal year. The high estimate is $2.4B and the low estimate is $1.61B. The average revenue growth estimate for next year is up 22.40% from the average revenue estimate for this year.