Research Analysts Set Expectations for Earthstone Energy Inc.’s Q4 2016 Earnings (ESTE)
Earthstone Energy Inc. (ARCA:ESTE) – Equities research analysts at Roth Capital lowered their Q4 2016 earnings per share estimates for Earthstone Energy in a report released on Sunday. Roth Capital analyst J. White now anticipates that the brokerage will earn ($0.10) per share for the quarter, down from their prior estimate of ($0.03). Roth Capital also issued estimates for Earthstone Energy’s Q1 2017 earnings at ($0.07) EPS, Q2 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.09) EPS.
Separately, Seaport Global Securities upgraded Earthstone Energy from an “accumulate” rating to a “buy” rating in a research note on Wednesday, November 9th.
Shares of Earthstone Energy (ARCA:ESTE) opened at 13.44 on Wednesday. The stock has a 50 day moving average price of $9.81 and a 200-day moving average price of $10.63. The firm’s market capitalization is $299.35 million. Earthstone Energy has a 52 week low of $7.67 and a 52 week high of $18.50.
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