As of Friday close, Earthstone Energy Inc.’s (NYSE:ESTE) stock was down -$0.25, moving down -2.09 percent to $11.72. The average number of shares traded per day over the past five days has been 2,723,240 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.73 fall in that time frame. In the last twenty days, the average volume was 1,872,755, while in the previous 50 days, it was 1,524,326.
Since last month, ESTE stock retreated -12.99%. Shares of the company fell to $11.32 on 03/17/23, the lowest level in the past month. A 52-week high of $22.25 was reached on 03/03/23 after having rallying from a 52-week low of $10.65. Since the beginning of this year, ESTE’s stock price has dropped by -17.64% or -$2.51, and marked a new high 7 times. However, the stock has declined by -47.33% since its 52-week high.
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ESTE stock investors should be aware that Earthstone Energy Inc. (ESTE) stock had its last reported insider trading activity 127 days ago on Nov 11. Oviedo Tony, the EVP, PAO of the company, disposed of 50,000 shares for $16.41 on Nov 11. It resulted in a $820,500 divestment by the insider. Oviedo Tony sold 50,000 shares at an average price of $15.66 on Nov 09. The insider now owns 121,409 shares following the transaction. On Nov 09, Executive Chairman Lodzinski Frank Alan sold 45,690 shares at $15.49 apiece. The transaction was valued at $707,738.
Right now, Earthstone Energy Inc. (ESTE) has a P/E ratio of about 3.35. The stock’s beta is 2.10. Besides these, the trailing price-to-sales (P/S) ratio of 1.24, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 1.64 may also be considered.
In the three months ended December 30, Earthstone Energy Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 December 30 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 80.80% percent. In the year ended December 30, operating margins totaled 71.90%. Based on annual data, ESTE earned $1.34 billion in gross profit and brought in $1.7 billion 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 31.20%. Return on equity (ROE) for the past 12 months was 34.60%.
In Earthstone Energy Inc.’s quarter-end financial report for December 30, it reported total debt of $1.05 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ESTE’s revenue rose 70.9% to $531.5 million during the quarter, while net income inched up to $494.96 million. While analysts expected Earthstone Energy Inc. to report $1.05 quarterly earnings, the actual figure was $1.04 per share, beating the consensus estimate by -1.00%. During the quarter, the company generated $347.32 million in EBITDA. The liabilities of Earthstone Energy Inc. were 1.61 billion at the end of its most recent quarter ended December 30, and its total debt was $1.06 billion. The value of shareholders’ equity is $140.44 million.
This quick technical analysis looks at Earthstone Energy Inc.’s (ESTE) price momentum. With a historical volatility rate of 56.18%, the RSI 9-day stood at 29.33% on 17 March.
With respect to its five-day moving average, the current Earthstone Energy Inc. price is down by -12.86% percent or -$1.73. At present, ESTE shares trade -12.28% below its 20-day simple moving average and -22.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.43% below its SMA50 and -34.96% below its SMA200.
Stochastic coefficient K was 10.93% and Stochastic coefficient D was 10.16%, while ATR was 0.81. Given the Stochastic reading of 9.78% for the 14-day period, the RSI (14) reading has been calculated as 34.62%. As of today, the MACD Oscillator reading stands at -1.21, while the 14-day reading stands at -1.74.
With a median target price of $25.50, the current consensus forecast for the stock is $19.00 – $31.00. Based on these forecasts, analysts predict Earthstone Energy Inc. (ESTE) will achieve an average price target of $25.33.