Earthstone Energy (ESTE) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Earthstone Energy in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ESTE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESTE, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 1-year price objectives for Earthstone Energy's stock. Their ESTE share price targets range from $18.00 to $29.00. On average, they predict the company's share price to reach $22.50 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
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Earthstone Energy, Inc. (NYSE:ESTE) issued its quarterly earnings results on Tuesday, October, 31st. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.05. The oil and gas producer had revenue of $475.80 million for the quarter, compared to the consensus estimate of $449.68 million. Earthstone Energy had a net margin of 25.40% and a trailing twelve-month return on equity of 22.08%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS.

Earthstone Energy declared an annual dividend on Monday, October 23rd. Investors of record on Tuesday, October 31st will be paid a dividend of $0.1446 per share on Monday, November 6th. This represents a yield of 0.67%. The ex-dividend date is Monday, October 30th.
Read our dividend analysis for ESTE.

Earthstone Energy (NYSE:ESTE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 4.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESTE will have a dividend payout ratio of 2.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESTE.

First Trust Natural Gas ETF holds 380,495 shares of ESTE stock, representing 1.08% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Earthstone Energy investors own include CBL & Associates Properties (CBL), Energy Transfer (ET), KushCo (KSHB), Sorrento Therapeutics (SRNE), Enerplus (ERF), Matinas BioPharma (MTNB), Organigram (OGI), Chesapeake Energy (CHKAQ), New Residential Investment (NRZ) and Rigel Pharmaceuticals (RIGL).