Streetbeat News

ESTE

Earthstone Energy Inc

http://www.earthstoneenergy.com/

CEO

Robert Anderson

Employees

127

Industry

Crude Petroleum and Natural Gas Extraction

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Open

21.04

Mkt cap

Volume

8.5M

High

21.45

P/E Ratio

4.64

52-wk high

22.45

Low

20.82

Div yield

N/A

52-wk low

11.32

Earthstone Energy (NYSE:ESTE) reported Q3 adjusted earnings of $0.75 per share, missing the analyst consensus estimate of $0.77 by 2.6 percent. This represents a 42.31 percent decrease from the same period last year. However, the company's quarterly sales of $475.82 million beat the analyst consensus estimate of $447.97 million by 6.22 percent, despite being a 10.48 percent decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:10 am

Shares of oil companies are trading higher due to the rise in crude oil prices following the US sanctions on two shipping companies for violating the price cap on Russian oil. The ongoing Israel-Hamas conflict has also contributed to supply uncertainty.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:34 am

Energy stocks are trading higher due to the Israel-Hamas conflict causing uncertainty in oil supply. Several energy companies are mentioned in the context.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:52 pm

Mizuho analyst Nitin Kumar maintains a Neutral rating on Earthstone Energy (NYSE:ESTE) and raises the price target from $22 to $23.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:30 pm

Earthstone Energy (NYSE:ESTE) has received various analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 4 indifferent. The average 12-month price target for the company has increased by 6.62% from $22.20 to $23.67.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 9:00 pm

Capital One analyst Brian Velie has downgraded Earthstone Energy (NYSE:ESTE) from Overweight to Equal-Weight and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:20 pm

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: North European Oil (NRT), Evolution Petroleum (EPM), Earthstone Energy (ESTE), HighPeak Energy (HPK), and Murphy Oil (MUR). The selection is based on low P/E multiples, indicating potential undervaluation. However, all companies experienced changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:39 pm

Permian Resources Corporation (NYSE:PR) has announced a $4.5 billion all-stock acquisition of Earthstone Energy, Inc. (NYSE:ESTE). Susquehanna analyst Biju Perincheril believes the deal will boost PR's production by 80% and has raised the price target for PR from $11 to $14. The acquisition more than doubles PR's net acreage position, with potential for future monetization of assets in the Midland Basin. Operational synergies of $115 million are expected, but the analyst suggests these could be exceeded.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 7:26 pm

Mizuho analyst Nitin Kumar has reiterated a Neutral rating on Earthstone Energy (NYSE:ESTE) and maintained a $22 price target.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 12:36 pm

Earthstone Energy has announced a definitive agreement to be acquired by Permian Resources in an all-stock transaction valued at approximately $4.5 billion. This has led to a rise in Earthstone Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:32 pm

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