Earthstone Energy Inc (NASDAQ:ESTE) – Analysts at SunTrust Banks increased their Q2 2017 earnings per share estimates for Earthstone Energy in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the company will post earnings per share of ($0.01) for the quarter, up from their previous estimate of ($0.02). SunTrust Banks also issued estimates for Earthstone Energy’s Q3 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.15) EPS, FY2018 earnings at $0.19 EPS and FY2019 earnings at $0.53 EPS.
Earthstone Energy (NASDAQ:ESTE) last released its quarterly earnings data on Monday, May 8th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. Earthstone Energy had a net margin of 4.75% and a return on equity of 1.21%. The company had revenue of $15.34 million during the quarter, compared to analyst estimates of $16.60 million. TRADEMARK VIOLATION NOTICE: “Q2 2017 EPS Estimates for Earthstone Energy Inc (ESTE) Raised by SunTrust Banks” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/q2-2017-eps-estimates-for-earthstone-energy-inc-este-raised-by-suntrust-banks-updated-updated-updated.html.
A number of other equities research analysts have also recently commented on ESTE. Seaport Global Securities cut Earthstone Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $11.00 in a research note on Wednesday, June 21st. Zacks Investment Research cut Earthstone Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Northland Securities set a $18.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Roth Capital set a $19.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th.
Earthstone Energy (ESTE) opened at 8.93 on Monday. The firm has a 50 day moving average of $9.99 and a 200 day moving average of $12.42. Earthstone Energy has a 12-month low of $7.67 and a 12-month high of $15.70. The firm’s market capitalization is $201.45 million.
In related news, EVP Robert John Anderson sold 15,000 shares of Earthstone Energy stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president now owns 85,613 shares of the company’s stock, valued at approximately $856,130. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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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