FBR & Co Comments on Earthstone Energy Inc.’s Q4 2016 Earnings (ESTE)
Earthstone Energy Inc. (ARCA:ESTE) – Analysts at FBR & Co upped their Q4 2016 earnings per share estimates for Earthstone Energy in a report released on Thursday. FBR & Co analyst C. Mabry now expects that the brokerage will earn ($0.02) per share for the quarter, up from their prior forecast of ($0.03). FBR & Co also issued estimates for Earthstone Energy’s FY2017 earnings at $0.35 EPS and FY2018 earnings at $0.67 EPS.
Separately, Seaport Global Securities raised shares of Earthstone Energy from an “accumulate” rating to a “buy” rating in a research report on Wednesday, November 9th.
Shares of Earthstone Energy (ARCA:ESTE) opened at 13.41 on Monday. The stock has a 50 day moving average price of $9.36 and a 200-day moving average price of $10.65. The firm’s market capitalization is $298.68 million. Earthstone Energy has a 52-week low of $7.67 and a 52-week high of $18.50.
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