Lodzinski Frank Alan Acquires Earthstone Energy Inc. (ESTE) Shares

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Earthstone Energy Inc. (NYSE:ESTE) finished Wednesday with a subtraction of -$0.55 to close at $12.52, a downside of -4.21 percent. An average of 2,983,040 shares of common stock have been traded in the last five days. There was a fall of -$3.45 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 2,045,045 shares traded, while the 50-day average volume stands at 1,682,810.

ESTE stock has decreased by -13.36% in the last month. The company shares reached their 1-month lowest point of $12.52 on 09/21/22. With the stock rallying to its 52-week high on 06/07/22, shares of the company touched a low of $7.85 and a high of $22.25 in 52 weeks. It has reached a new high 19 times so far this year and achieved 14.44% or $1.58 in price. In spite of this, the price is down -43.73% from the 52-week high.

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Insider Transactions

70 days have passed since Earthstone Energy Inc. (ESTE) last reported insider trading activity. Lodzinski Frank Alan, who is Executive Chairman, most recently acquired $26,132 shares at $11.05 per share on Jul 14. In this transaction, the insider spent $288,759. EVP and CFO, Lumpkin Mark Jr, disposed of 30,000 shares at a price of $16.47 on Apr 21. The insider now owns more than $494,100 worth of shares. Prior to that, Director Joliat Jay Frederick went on to Sale 17,500 shares at $13.69 each on Apr 12. An amount of $239,575 was transacted.

Valuation Metrics

Earthstone Energy Inc. (ESTE) has a trailing price-to-earnings (P/E) ratio of 7.32. The stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.04, the price-to-book (PB) ratio at 0.77, and the price-to-cash flow ratio at 3.99.

Financial Health

The quick ratio of Earthstone Energy Inc. for the three months ended March 30 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $343.91 million compared to revenue of $419.64 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Earthstone Energy Inc.’s return on assets was 7.50%.

Earnings Surprise

For the three-month period that ended March 30, Earthstone Energy Inc. had $395.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $144.89 million in the quarter, while revenues of -$33.48 million were grew 106.12%. The analyst consensus anticipated Earthstone Energy Inc.’s latest quarter earnings to come in at $0.58 per share, but it turned out to be $0.78, a 34.50% surprise. For the quarter, EBITDA amounted to $374.9 million. Shareholders own equity worth $138.7 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Earthstone Energy Inc. (ESTE) price momentum. RSI 9-day as of the close on 21 September was 30.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 78.39%.

As of today, ESTE’s price is $13.72 -21.60% or -$3.45 from its 5-day moving average. ESTE is currently trading -18.17% lower than its 20-day SMA and -12.14% lower than its 100-day SMA. However, the stock’s current price level is +8.68% above the SMA50 and +26.08% above the SMA200.

The stochastic %K and %D were 12.24% and 17.01%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 0.00% and the average true range at 1.00, the RSI (14) stands at 36.56%. The stock has reached -1.30 on the 9-day MACD Oscillator while the 14-day reading was at -1.27.

Analyst Ratings

RBC Capital Mkts downgraded Earthstone Energy Inc. (NYSE: ESTE) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Earthstone Energy Inc. (ESTE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ESTE, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is ESTE’s price target for the next 12 months?

Analysts predict a range of price targets between $16.00 and $37.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for Earthstone Energy Inc. (ESTE) stock is $28.86.


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