As of Wednesday close, Earthstone Energy Inc.’s (NYSE:ESTE) stock was up $0.22, moving up 1.44 percent to $15.48. The average number of shares traded per day over the past five days has been 1,057,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.80 fall in that time frame. In the last twenty days, the average volume was 1,525,145, while in the previous 50 days, it was 1,368,828.
Since last month, ESTE stock rose 3.68%. Shares of the company fell to $14.26 on 07/17/23, the lowest level in the past month. A 52-week high of $17.54 was reached on 08/09/23 after having rallying from a 52-week low of $10.65. Since the beginning of this year, ESTE’s stock price has risen by 8.78% or $1.25, and marked a new high 14 times. However, the stock has declined by -11.74% 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 16 days ago on Aug 01. WP Energy Chisholm Holdings, L, the 10% Owner of the company, disposed of 5,000,000 shares for $14.52 on Aug 01. It resulted in a $72,600,000 divestment by the insider. Warburg Pincus Partners II (US sold 5,000,000 shares at an average price of $14.52 on Aug 01. The insider now owns 7,868,234 shares following the transaction. On Aug 01, 10% Owner Warburg Pincus Private Equity sold 5,000,000 shares at $14.52 apiece. The transaction was valued at $72,600,000.
Valuation Metrics
Right now, Earthstone Energy Inc. (ESTE) has a P/E ratio of about 3.63. The stock’s beta is 2.13. Besides these, the trailing price-to-sales (P/S) ratio of 1.19, the price-to-book (PB) ratio of 0.94.
Financial Health
In the three months ended June 29, Earthstone Energy Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, 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 June 29 was 0.58, and the total debt-to-equity ratio was 0.58. On the profitability front, the trailing twelve-month gross margin is 73.80% percent. In the year ended June 29, EBITDA margin amounted to 74.62%, whereas operating margins totaled 48.50%. 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 27.70%.
In Earthstone Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $1.02 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 fell -27.71% to $413.14 million during the quarter, while net income inched up to $370.01 million. While analysts expected Earthstone Energy Inc. to report $0.5 quarterly earnings, the actual figure was $0.53 per share, beating the consensus estimate by 6.00%. During the quarter, the company generated $273.76 million in EBITDA. The liabilities of Earthstone Energy Inc. were 1.63 billion at the end of its most recent quarter ended June 29, and its total debt was $1.03 billion. The value of shareholders’ equity is $140.59 million.
Technical Picture
This quick technical analysis looks at Earthstone Energy Inc.’s (ESTE) price momentum. With a historical volatility rate of 27.39%, the RSI 9-day stood at 46.33% on 16 August.
With respect to its five-day moving average, the current Earthstone Energy Inc. price is down by -4.91% percent or -$0.80. At present, ESTE shares trade +4.67% above its 20-day simple moving average and +26.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.94% above its SMA50 and -2.95% below its SMA200.
Stochastic coefficient K was 23.00% and Stochastic coefficient D was 36.01%, while ATR was 0.55. Given the Stochastic reading of 22.78% for the 14-day period, the RSI (14) reading has been calculated as 51.19%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.40.
Analyst Ratings
CapitalOne launched its rating on Earthstone Energy Inc. (NYSE: ESTE) to an Overweight in a note to investors on July 19, 2023. Earthstone Energy Inc. (ESTE) has been rated Overweight by analysts. According to 0 brokerage firms, ESTE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Earthstone Energy Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $18.00 – $31.00. Based on these forecasts, analysts predict Earthstone Energy Inc. (ESTE) will achieve an average price target of $24.67.
