Jay Frederick Joliat Sells 17,500 Shares of Earthstone Energy, Inc. (NYSE:ESTE) Stock

Earthstone Energy, Inc. (NYSE:ESTEGet Rating) Director Jay Frederick Joliat sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $13.69, for a total value of $239,575.00. Following the transaction, the director now owns 93,450 shares of the company’s stock, valued at $1,279,330.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

ESTE stock traded up $0.50 during trading on Wednesday, hitting $13.97. 817,956 shares of the company’s stock were exchanged, compared to its average volume of 801,190. The firm’s 50-day moving average price is $13.02. The firm has a market capitalization of $1.22 billion, a PE ratio of 24.09 and a beta of 2.38. Earthstone Energy, Inc. has a 52-week low of $6.44 and a 52-week high of $15.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.41 and a quick ratio of 0.41.

Earthstone Energy (NYSE:ESTEGet Rating) last posted its earnings results on Tuesday, March 8th. The oil and gas producer reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. Earthstone Energy had a return on equity of 11.26% and a net margin of 8.46%. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts predict that Earthstone Energy, Inc. will post 2.8 EPS for the current year.

ESTE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Earthstone Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. StockNews.com assumed coverage on Earthstone Energy in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Truist Financial lifted their price objective on Earthstone Energy from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, January 14th. Roth Capital reiterated a “buy” rating on shares of Earthstone Energy in a research note on Tuesday, February 8th. Finally, Alliance Global Partners lifted their price objective on Earthstone Energy from $28.00 to $33.00 in a research note on Friday, February 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Earthstone Energy currently has an average rating of “Buy” and an average price target of $19.58.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. acquired a new position in Earthstone Energy during the fourth quarter worth approximately $202,000. Barclays PLC increased its holdings in shares of Earthstone Energy by 214.3% in the fourth quarter. Barclays PLC now owns 30,788 shares of the oil and gas producer’s stock valued at $337,000 after purchasing an additional 20,993 shares during the period. BlackRock Inc. increased its holdings in shares of Earthstone Energy by 3.9% in the fourth quarter. BlackRock Inc. now owns 1,619,664 shares of the oil and gas producer’s stock valued at $17,720,000 after purchasing an additional 60,706 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Earthstone Energy in the fourth quarter valued at approximately $177,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Earthstone Energy by 84.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 170,289 shares of the oil and gas producer’s stock valued at $1,863,000 after purchasing an additional 77,852 shares during the period. 82.05% of the stock is currently owned by institutional investors.

Earthstone Energy Company Profile (Get Rating)

Earthstone Energy, Inc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company's asset portfolio includes the Midland Basin of West Texas, Delaware Basin in New Mexico, and the Eagle Ford trend of south Texas.

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