Somewhat Positive Media Coverage Somewhat Likely to Affect Earthstone Energy (ESTE) Stock Price
Media stories about Earthstone Energy (NASDAQ:ESTE) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Earthstone Energy earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Earthstone Energy Inc Expected to Earn Q2 2017 Earnings of ($0.03) Per Share (ESTE) (americanbankingnews.com)
- Earthstone Energy Inc (NASDAQ:ESTE) Given $15.86 Consensus Target Price by Analysts (americanbankingnews.com)
- Brokerages Expect Earthstone Energy Inc (ESTE) Will Post Quarterly Sales of $25.29 Million (americanbankingnews.com)
- Earthstone Energy, Inc. Announces Second Quarter 2017 Conference Call for Thursday, August 10, 2017 at 11:00 a.m. Eastern (finance.yahoo.com)
- Zacks: Analysts Expect Earthstone Energy Inc (NASDAQ:ESTE) Will Announce Earnings of -$0.02 Per Share (americanbankingnews.com)
A number of research analysts have weighed in on the company. Imperial Capital assumed coverage on Earthstone Energy in a research note on Tuesday. They issued an “outperform” rating and a $13.00 price target for the company. Zacks Investment Research downgraded Earthstone Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Roth Capital set a $19.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Northland Securities set a $18.00 target price on Earthstone Energy and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Seaport Global Securities downgraded Earthstone Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $11.00 in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.25.
Earthstone Energy (NASDAQ ESTE) traded down 4.48% during mid-day trading on Thursday, reaching $9.39. The company had a trading volume of 92,251 shares. The stock has a 50-day moving average of $9.83 and a 200 day moving average of $12.25. Earthstone Energy has a 12-month low of $7.67 and a 12-month high of $15.70. The company’s market capitalization is $211.84 million.
Earthstone Energy (NASDAQ:ESTE) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.03. The company had revenue of $15.34 million during the quarter, compared to the consensus estimate of $16.60 million. Earthstone Energy had a return on equity of 1.21% and a net margin of 4.75%. On average, analysts expect that Earthstone Energy will post ($0.20) EPS for the current year.
In related news, EVP Robert John Anderson sold 15,000 shares of Earthstone Energy stock in a transaction on Friday, July 14th. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president now owns 85,613 shares in the company, valued at $856,130. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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About Earthstone Energy
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.
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