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Tuesday, January 31, 2023

What Are The Chances Of Earthstone Energy Inc. (NYSE: ESTE) Becoming A Clear Buy?

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 same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $13.37. The Earthstone Energy Inc. has recorded 11,653 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Earthstone Energy to Participate in Goldman Sachs Global Energy and Clean Technology Conference.

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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 $13.37 and fluctuated between $13.56 as its day high and $13.14 as its day low. The current market capitalization of Earthstone Energy Inc. is $1.82B. A total of 0.78 million shares were traded on the day, compared to an average of 1.57M 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 1 BUY and 4 SELL insider trades, representing the acquisition of 15,000 and the disposition of 160,690 shares. Over the last 12 months, there were 21 BUYs and 36 SELLs from insiders. Insiders purchased 54,355,579 shares during that period but sold 58,987,691.

In the most recent transaction, Oviedo Tony sold 50,000 shares of ESTE for 16.41 per share on Nov 11. After the transaction, the EVP, PAO now owns 71,409 company shares. In a previous transaction on Nov 09, Oviedo Tony sold 50,000 shares at 15.66 per share. ESTE shares that EVP, PAO owns now total 121,409.

Among the insiders who sold shares, Lodzinski Frank Alan disposed of 45,690 shares on Nov 09 at a per-share price of $15.49. This resulted in the Executive Chairman holding 408,386 shares of ESTE after the transaction. In another insider transaction, Cypress Investments, LLC bought 1,000,000 shares at $14.75 per share on Oct 06. Company shares held by the Exhibit 99.1 now total 11,017,213.

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 $27.00 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 $10.65.

As of this writing, ESTE has an earnings estimate of $1.47 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.86 per share and a lower estimate of $1.21. The company reported an EPS of $0.78 in the last quarter, which was 34.50% higher than expectations of $0.58.

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 3.50. 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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