Brokers Set Expectations for Earthstone Energy Inc.’s Q4 2016 Earnings (ESTE)
Earthstone Energy Inc. (ARCA:ESTE) – Analysts at FBR & Co boosted their Q4 2016 EPS estimates for shares of Earthstone Energy in a research report issued to clients and investors on Tuesday. FBR & Co analyst C. Mabry now forecasts that the brokerage will post earnings of ($0.03) per share for the quarter, up from their previous forecast of ($0.04). FBR & Co also issued estimates for Earthstone Energy’s FY2017 earnings at ($0.25) EPS and FY2018 earnings at ($0.14) EPS.
Separately, Seaport Global Securities raised shares of Earthstone Energy from an “accumulate” rating to a “buy” rating in a research note on Wednesday.
Earthstone Energy (ARCA:ESTE) opened at 12.86 on Thursday. The firm’s market cap is $286.43 million. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $18.50. The firm’s 50-day moving average is $9.36 and its 200-day moving average is $10.65.
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