As of Wednesday close, Earthstone Energy Inc.’s (NYSE:ESTE) stock was down -$2.28, moving down -13.21 percent to $14.98. The average number of shares traded per day over the past five days has been 3,191,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.09 fall in that time frame. In the last twenty days, the average volume was 2,041,655, while in the previous 50 days, it was 1,588,862.
Since last month, ESTE stock rose 1.63%. Shares of the company fell to $14.52 on 05/23/22, the lowest level in the past month. A 52-week high of $22.25 was reached on 06/07/22 after having rallying from a 52-week low of $7.01. Since the beginning of this year, ESTE’s stock price has risen by 36.93% or $4.04, and marked a new high 19 times. However, the stock has declined by -32.67% since its 52-week high.
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Earthstone Energy Inc. (ESTE) last reported insider trading activity 63 days ago on Apr 21. Lumpkin Mark Jr, the EVP and CFO of the company, disposed of 30,000 shares for $16.47 on Apr 21. It resulted in a $494,100 divestment by the insider. Joliat Jay Frederick sold 17,500 shares at an average price of $13.69 on Apr 12. The insider now owns 93,450 shares following the transaction. On Apr 12, EVP, PAO Oviedo Tony sold 50,000 shares at $13.71 apiece. The transaction was valued at $685,500.
Right now, Earthstone Energy Inc. (ESTE) has a P/E ratio of about 157.68. The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 3.42, the price-to-book (PB) ratio of 1.23, and the price-to-cash flow ratio of 6.74 may also be considered.
In the three months ended March 30, Earthstone Energy Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.81. On the profitability front, the trailing twelve-month gross margin is 82.50% percent. In the year ended March 30, operating margins totaled 49.80%. Based on annual data, ESTE earned $343.91 million in gross profit and brought in $419.64 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.40%. Return on equity (ROE) for the past 12 months was 1.40%.
In Earthstone Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $624.23 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ESTE’s revenue rose 61.47% to $144.02 million during the quarter, while net income inched up to $196.15 million. While analysts expected Earthstone Energy Inc. to report $0.56 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 39.30%. During the quarter, the company generated $138.29 million in EBITDA. The liabilities of Earthstone Energy Inc. were 1.08 billion at the end of its most recent quarter ended March 30, and its total debt was $321.96 million. The value of shareholders’ equity is $113.36 million.
This quick technical analysis looks at Earthstone Energy Inc.’s (ESTE) price momentum. With a historical volatility rate of 99.80%, the RSI 9-day stood at 29.80% on 22 June.
With respect to its five-day moving average, the current Earthstone Energy Inc. price is down by -21.45% percent or -$4.09. At present, ESTE shares trade -10.08% below its 20-day simple moving average and +13.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.62% above its SMA50 and +78.76% above its SMA200.
Stochastic coefficient K was 9.82% and Stochastic coefficient D was 10.96%, while ATR was 1.66. Given the Stochastic reading of 1.86% for the 14-day period, the RSI (14) reading has been calculated as 38.11%. As of today, the MACD Oscillator reading stands at -2.16, while the 14-day reading stands at -3.00.
Stephens launched its rating on Earthstone Energy Inc. (NYSE: ESTE) to an Equal-weight in a note to investors on April 14, 2022. Earthstone Energy Inc. (ESTE) has been rated Overweight by analysts. According to 1 brokerage firm, ESTE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Earthstone Energy Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $28.00, the current consensus forecast for the stock is $15.00 – $33.00. Based on these forecasts, analysts predict Earthstone Energy Inc. (ESTE) will achieve an average price target of $25.13.