Equities research analysts predict that Earthstone Energy, Inc. (NYSE:ESTE) will post $33.60 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Earthstone Energy’s earnings, with estimates ranging from $31.00 million to $37.20 million. Earthstone Energy posted sales of $15.15 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 121.8%. The business is expected to issue its next earnings results on Wednesday, March 21st.
According to Zacks, analysts expect that Earthstone Energy will report full-year sales of $33.60 million for the current financial year, with estimates ranging from $102.80 million to $109.60 million. For the next fiscal year, analysts expect that the business will post sales of $159.89 million per share, with estimates ranging from $117.70 million to $189.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Earthstone Energy.
Several analysts have issued reports on the company. Robert W. Baird restated a “buy” rating on shares of Earthstone Energy in a research note on Sunday, September 17th. BidaskClub upgraded Earthstone Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Northland Securities restated a “buy” rating and issued a $18.00 target price on shares of Earthstone Energy in a research note on Tuesday, September 26th. Roth Capital set a $16.00 target price on Earthstone Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded Earthstone Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Earthstone Energy has an average rating of “Buy” and an average target price of $14.45.
Shares of Earthstone Energy (NYSE:ESTE) opened at $9.77 on Wednesday. The company has a market capitalization of $607.61, a price-to-earnings ratio of 11.80 and a beta of 1.38. Earthstone Energy has a fifty-two week low of $7.85 and a fifty-two week high of $15.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.11.
ILLEGAL ACTIVITY WARNING: “$33.60 Million in Sales Expected for Earthstone Energy, Inc. (ESTE) This Quarter” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://stocknewstimes.com/2018/01/11/33-60-million-in-sales-expected-for-earthstone-energy-inc-este-this-quarter-2.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Earthstone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Earthstone Energy and related companies with MarketBeat.com's FREE daily email newsletter.