Q2 2017 Earnings Forecast for Earthstone Energy Inc Issued By SunTrust Banks (ESTE)

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Earthstone Energy Inc (NASDAQ:ESTE) – Stock analysts at SunTrust Banks lifted their Q2 2017 EPS estimates for shares of Earthstone Energy in a research note issued to investors on Wednesday. SunTrust Banks analyst N. Dingmann now forecasts that the company will post earnings of ($0.01) per share for the quarter, up from their previous forecast 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.

Other analysts have also issued reports about the company. Roth Capital set a $19.00 price target on Earthstone Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Northland Securities set a $18.00 target price on Earthstone Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Seaport Global Securities downgraded Earthstone Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $11.00 in a research report on Wednesday, June 21st. Finally, Zacks Investment Research downgraded Earthstone Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.

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Shares of Earthstone Energy (NASDAQ ESTE) opened at 9.07 on Monday. The company has a 50-day moving average price of $10.08 and a 200 day moving average price of $12.49. The stock’s market capitalization is $204.61 million. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $15.70.

Earthstone Energy (NASDAQ:ESTE) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03. The business had revenue of $15.34 million during the quarter, compared to analysts’ expectations of $16.60 million. Earthstone Energy had a return on equity of 1.21% and a net margin of 4.75%.

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 sale, the executive vice president now owns 85,613 shares of the company’s stock, valued at $856,130. The transaction was disclosed in a document filed with the SEC, which is available through 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.