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Friday, December 2, 2022

This Is Too Hot For Earthstone Energy Inc. (NYSE: ESTE), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Earthstone Energy Inc. (ESTE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.39, or +11.28%, to $13.71. Volume reached 85,202 shares, with price reaching a high of $13.77 and a low of $13.57. Most recently, Yahoo Finance reported about the stock as it publicized that Earthstone Announces Closing of Titus Acquisition.


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Stocks Info

As a NYSE listed company, ESTE falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $13.57 and fluctuated between $13.77 as its day high and $12.94 as its day low. The current market capitalization of Earthstone Energy Inc. is $1.92B. A total of 2.42 million shares were traded on the day, compared to an average of 1.78M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ESTE has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 25,245,462 and the disposition of 26,826,132 shares. Over the last 12 months, there were 17 BUYs and 28 SELLs from insiders. Insiders purchased 52,190,579 shares during that period but sold 31,886,304.

In the most recent transaction, Lodzinski Frank Alan sold 26,132 shares of ESTE for 11.05 per share on Jul 14. After the transaction, the Executive Chairman now owns 439,076 company shares. In a previous transaction on Jul 06, Joliat Jay Frederick bought 20,237 shares at 11.66 per share. ESTE shares that Director owns now total 90,000.

Among the insiders who sold shares, Lumpkin Mark Jr disposed of 30,000 shares on Apr 21 at a per-share price of $16.47. This resulted in the EVP and CFO holding 208,253 shares of ESTE after the transaction. In another insider transaction, Joliat Jay Frederick sold 17,500 shares at $13.69 per share on Apr 12. Company shares held by the Director now total 93,450.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ESTE in the last 3 months, the mean price target is $28.86 with high estimates of $37.00 and low estimates of $16.00. In terms of 52-week highs and lows, ESTE has a high of $22.25 and a low of $9.14.

As of this writing, ESTE has an earnings estimate of $1.73 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.73 per share and a lower estimate of $1.73. The company reported an EPS of $1.29 in the last quarter, which was 4.88% higher than expectations of $1.23.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESTE is Overweight with a score of 3.67. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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