American Century Companies Inc. lessened its holdings in Earthstone Energy Inc (NYSE:ESTE) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 731,337 shares of the oil and gas producer’s stock after selling 62,018 shares during the quarter. American Century Companies Inc. owned 1.14% of Earthstone Energy worth $3,306,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of Earthstone Energy by 141.4% in the 4th quarter. Meeder Asset Management Inc. now owns 8,439 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 4,943 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Earthstone Energy in the 4th quarter valued at $69,000. Squarepoint Ops LLC boosted its stake in shares of Earthstone Energy by 83.0% in the 4th quarter. Squarepoint Ops LLC now owns 22,142 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 10,042 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Earthstone Energy in the 4th quarter valued at $114,000. Finally, Rhumbline Advisers boosted its stake in shares of Earthstone Energy by 44.7% in the 4th quarter. Rhumbline Advisers now owns 26,650 shares of the oil and gas producer’s stock valued at $120,000 after purchasing an additional 8,232 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ESTE opened at $7.30 on Tuesday. The stock has a market cap of $475.50 million, a P/E ratio of 5.07, a P/E/G ratio of 0.37 and a beta of 1.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. Earthstone Energy Inc has a 12-month low of $4.21 and a 12-month high of $11.00.

Earthstone Energy (NYSE:ESTE) last issued its quarterly earnings results on Tuesday, March 12th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $41.24 million for the quarter, compared to the consensus estimate of $39.66 million. Earthstone Energy had a net margin of 25.60% and a return on equity of 1.80%. On average, sell-side analysts forecast that Earthstone Energy Inc will post 0.65 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. Imperial Capital reiterated an “outperform” rating and set a $8.00 price target (down previously from $12.00) on shares of Earthstone Energy in a research report on Thursday, December 27th. Roth Capital set a $16.00 price target on shares of Earthstone Energy and gave the stock a “buy” rating in a research report on Thursday, December 27th. Zacks Investment Research upgraded shares of Earthstone Energy from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, January 8th. Northland Securities reiterated a “buy” rating and set a $11.00 price target on shares of Earthstone Energy in a research report on Wednesday, February 27th. Finally, TheStreet upgraded shares of Earthstone Energy from a “d+” rating to a “c” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.58.

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Earthstone Energy Profile

Earthstone Energy, Inc, an independent energy company, engages in the development and operation of oil and gas properties in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2018, the company operated 93 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 98,847 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 23,646 MBOE of proved developed reserves and 75,201 MBOE of proved undeveloped reserves.

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Institutional Ownership by Quarter for Earthstone Energy (NYSE:ESTE)

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