ESTE - Earthstone Energy, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
3.8300
-0.4800 (-11.14%)
As of 10:04AM EST. Market open.
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Previous Close4.3100
Open4.1400
Bid3.8500 x 1000
Ask3.8700 x 1100
Day's Range3.8200 - 4.1023
52 Week Range3.0000 - 7.9400
Volume66,209
Avg. Volume210,352
Market Cap247.29M
Beta (5Y Monthly)2.08
PE Ratio (TTM)2.80
EPS (TTM)1.3700
Earnings DateNov 06, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.07
  • Why Earthstone Energy, Inc.'s (NYSE:ESTE) CEO Pay Matters To You
    Simply Wall St.

    Why Earthstone Energy, Inc.'s (NYSE:ESTE) CEO Pay Matters To You

    In 2014 Frank Lodzinski was appointed CEO of Earthstone Energy, Inc. (NYSE:ESTE). This analysis aims first to contrast...

  • 3 “Strong Buy” Oil Stocks to Energize Your Portfolio
    TipRanks

    3 “Strong Buy” Oil Stocks to Energize Your Portfolio

    We’re bargain hunting, looking for stocks that will bring strong returns for a low cost of entry. Our criteria, a “Strong Buy” analyst consensus combined with upside potential that exceeds 20%, naturally leads us to the energy sector. Despite high overhead and low prices, oil and gas extraction remain cash-rich niches, with potential for high profits when a company strikes a rich deposit.Using TipRanks’ Stock Screener, we’ve picked out three energy stocks to power up your investment portfolio. All three are priced at a bargain, have Buy ratings from Wall Street’s analysts, and boast superb upside potential. Let’s dive in, and find out what else makes them compelling buys.Northern Oil and Gas (NOG)Starting up north in the Williston Basin, Northern Oil and Gas owns mineral rights on more than 165,000 acres of land, has interests in over 2,500 well sites, and sits on proven reserves exceeding 65 million barrels of oil equivalent.Like many small- to mid-cap energy companies, price pressures and overhead caused NOG to underperform the markets last year. The most recent earnings report showed an EPS of 9 cents, below the forecast – but revenues were up, coming in at $233.9 million, or 37% over the estimate. While headwinds are hurting Northern, the company’s foundation is solid.Management is using that strong revenue base to put the company on sound footing, with it reducing debt and attracting investors by commencing a dividend. In mid-January, the company revealed moves to retire more than $50 million in outstanding debt notes, a decision that will improve the bottom line by 13%. Additionally, in mid-December, NOG announced its first ever dividend payment, scheduled for April 2020, of 1.5 cents per share. At current prices, this dividend will yield about 3%, or 50% more than the average yield among S&P-listed companies.Analyst Jason Wangler, of Imperial Capital, was impressed by NOG management’s financial moves, and upgraded his stance on the stock from Neutral to Buy. Wangler specifically cited the dividend announcement in his comments, writing, “The announcement is important as it shows the progress NOG has made on its balance sheet over the past two years as well as the fact that now NOG stock can be considered a yield vehicle.”Wangler also raised his price target on NOG, from $2 to $2.50, in line with this bullish stance – it implies an upside potential of 51% for the stock. (To watch Wangler’s track record, click here)All three of NOG’s recent analyst reviews are Buys, giving the stock a unanimous Strong Buy consensus rating. Shares are priced low, at just $1.66, and the average price target of $3.25 suggests an upside potential of 96%, a strong indicator that Wangler’s view is somewhat conservative. (See Northern Oil and Gas stock-price forecast on TipRanks) Earthstone Energy (ESTE)For our next energy play, we shift our attention 1,200 miles south, to the Midland and Eagle Ford formations of Texas. Earthstone Energy operates on more than 47,000 acres in these two oil-rich regions, and has over 300 producing wells. Earthstone is a small-cap company, with a total market capitalization of $322.8 million.Operating in one of North America’s highest-producing oil and gas regions, Earthstone has seen both high output and strong revenues. The company consistently beat earnings forecasts in 2019, and in its last report, posted 18 cents EPS. This compared favorably to the 13-cent forecast and the 17-cent year-ago number.On a better note for investors, ESTE released forward guidance at the end of January, predicting 2019 daily average sales volumes will exceed previous expectations by 9%. Adding to the good news, the company predicted a 20% increase in production and a 21% decrease in capital expenditures for 2020.These positive developments prompted RBC analyst Brad Heffern to maintain his Buy rating and price target of $8. Heffern’s target implies a possible upside of 60%. (To watch Heffern’s track record, click here)Commenting on the stock, Heffern said, “On the back of very strong preliminary 4Q19 results, ESTE’s 2020 plan includes higher oil production and lower capex than we previously anticipated. We now see a relatively clear path to ESTE’s goal of FCF at $50/bbl in 2H20, which is quite a feat for a company of ESTE’s size.”Overall, ESTE’s Strong Buy consensus rating is based on 5 reviews, including 4 Buys and 1 Hold, set in the past few months. The average price target, $8.81, indicates room for an impressive 76% upside from the current share price of $5. (See Earthstone stock analysis on TipRanks) Devon Energy (DVN)Third on our list is Devon Energy, an $8 billion company with operations in the Eagle Ford, Delaware, STACK, and Powder River formations. Devon has over 21,000 wells on 3.8 million acres, produced over 530 million barrels of oil equivalent in 2018, and has 1.9 billion barrels more in proven reserves.Devon is scheduled to release Q4 earnings on February 18. In the last report, the company beat the EPS and revenue forecasts by wide margins. EPS came in at 26 cents, while the $1.85 billion in revenue also flew past the Street’s estimate. It’s important to note that DVN consistently beat quarterly expectations through 2019.Also of importance for investors, in December, Devon announced the Q1 2020 cash dividend, to be paid out in March. The dividend, at 9 cents, annualizes to 36 cents and gives a yield of 1.66%. While nothing to write home about – it is slightly less than the average yield among S&P 500 companies – it is still a reliable income stream. Devon has raised the dividend three times in the past three years, and the payout ratio of 21% shows that the payment is easily sustainable.Writing on DVN stock from BMO Capital, analyst Phillip Jungwirth notes, “We see the company entering 2020 with a focused high margin and return oil-weighted portfolio that should generate peer-leading corporate returns and free cash flows.”Jungwirth maintained his Buy rating, and bumped up his price target to $30. At current levels, this suggests a potential 38% upside to the stock. (To watch Jungwirth’s track record, click here)Devon Energy’s Strong Buy consensus view is based on 9 Buys and 3 Holds. The stock sells for $21.72 per share, and the average price target of $32.40 indicates room for 49% upside growth. (See Devon price targets and analyst ratings on TipRanks)

  • Business Wire

    Earthstone Energy Announces Officer Appointments

    Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), today announced that its current Chairman and Chief Executive Officer, Mr. Frank A. Lodzinski, will be appointed Executive Chairman and its current President, Mr. Robert J. Anderson, will be appointed Chief Executive Officer and President of Earthstone, effective on April 1, 2020.

  • Business Wire

    Earthstone Provides Operations Update and 2020 Guidance

    Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), today provided an operations update and 2020 guidance. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2019 at approximately 1.60 MMBoe or an average of approximately 17,380 Boepd (66% oil). For the year ended December 31, 2019, the Company estimates its annual sales volumes grew 35% to approximately 4.88 million Boe, or an average of approximately 13,381 Boepd (63% oil) compared to 9,937 Boepd (65% oil) reported for the year ended December 31, 2018.

  • What Makes Earthstone Energy (ESTE) a New Buy Stock
    Zacks

    What Makes Earthstone Energy (ESTE) a New Buy Stock

    Earthstone Energy (ESTE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador
    Zacks

    The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador

    The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador

  • 5 Top Crude Oil Stocks to Tap U.S.-China Phase-One Trade Deal
    Zacks

    5 Top Crude Oil Stocks to Tap U.S.-China Phase-One Trade Deal

    The U.S. energy sector is likely to be a major beneficiary of this phase-one trade deal.

  • Top Oil & Gas Stocks for Q1 2020
    Investopedia

    Top Oil & Gas Stocks for Q1 2020

    The oil & gas industry is comprised of companies involved in exploration, extraction, refining, and transportation of oil and gas products. The industry also includes companies that provide drilling and well-maintenance services.

  • Is Earthstone Energy (ESTE) Stock Undervalued Right Now?
    Zacks

    Is Earthstone Energy (ESTE) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Moving Average Crossover Alert: Earthstone Energy
    Zacks

    Moving Average Crossover Alert: Earthstone Energy

    Earthstone Energy, Inc. (ESTE) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • Top Ranked Momentum Stocks to Buy for January 9th
    Zacks

    Top Ranked Momentum Stocks to Buy for January 9th

    Top Ranked Momentum Stocks to Buy for January 9th

  • A Rising Share Price Has Us Looking Closely At Earthstone Energy, Inc.'s (NYSE:ESTE) P/E Ratio
    Simply Wall St.

    A Rising Share Price Has Us Looking Closely At Earthstone Energy, Inc.'s (NYSE:ESTE) P/E Ratio

    Earthstone Energy (NYSE:ESTE) shares have continued recent momentum with a 34% gain in the last month alone. The full...

  • Find Strong Stocks to Buy in 2020 with this Filtered Zacks Rank 5 Screen
    Zacks

    Find Strong Stocks to Buy in 2020 with this Filtered Zacks Rank 5 Screen

    Find Strong Stocks to Buy in 2020 with this Filtered Zacks Rank 5 Screen

  • Top Ranked Momentum Stocks to Buy for January 7th
    Zacks

    Top Ranked Momentum Stocks to Buy for January 7th

    Top Ranked Momentum Stocks to Buy for January 7th

  • New Strong Buy Stocks for January 7th
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    New Strong Buy Stocks for January 7th

    New Strong Buy Stocks for January 7th

  • Will Earthstone Energy Continue to Surge Higher?
    Zacks

    Will Earthstone Energy Continue to Surge Higher?

    As of late, it has definitely been a great time to be an investor in Earthstone Energy.

  • 6 Undervalued Stocks According to the Peter Lynch Fair Value
    GuruFocus.com

    6 Undervalued Stocks According to the Peter Lynch Fair Value

    CAI International and Earthstone Energy make the list Continue reading...

  • What Is Earthstone Energy's (NYSE:ESTE) P/E Ratio After Its Share Price Rocketed?
    Simply Wall St.

    What Is Earthstone Energy's (NYSE:ESTE) P/E Ratio After Its Share Price Rocketed?

    Earthstone Energy (NYSE:ESTE) shares have continued recent momentum with a 32% gain in the last month alone. The full...

  • Hedge Funds Have Never Been This Bullish On Earthstone Energy, Inc. (ESTE)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Earthstone Energy, Inc. (ESTE)

    Is Earthstone Energy, Inc. (NYSE:ESTE) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […]

  • South Texas Drilling Permit Roundup: Woodlands-based operator ups the ante in Gonzales County
    American City Business Journals

    South Texas Drilling Permit Roundup: Woodlands-based operator ups the ante in Gonzales County

    The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.

  • Thomson Reuters StreetEvents

    Edited Transcript of ESTE earnings conference call or presentation 7-Nov-19 5:00pm GMT

    Q3 2019 Earthstone Energy Inc Earnings Call

  • Earthstone Energy (ESTE) Surpasses Q3 Earnings Estimates
    Zacks

    Earthstone Energy (ESTE) Surpasses Q3 Earnings Estimates

    Earthstone Energy (ESTE) delivered earnings and revenue surprises of 38.46% and -0.45%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?