Earthstone Energy (NYSE:ESTE) - Stock Price, News & Analysis

ESTE Stock Overview

Earthstone Energy, Inc., operates as an independent oil and gas company in the United States. More details

ESTE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 25.4% below our estimate of its fair value

Earnings are forecast to grow 23.34% per year

Risk Analysis

High level of non-cash earnings

Profit margins (17.7%) are lower than last year (27%)

Significant insider selling over the past 3 months

Has a high level of debt

Earthstone Energy, Inc. Competitors

HighPeak Energy

NasdaqGM:HPK

US$1.8b

Civitas Resources

NYSE:CIVI

US$4.9b

Callon Petroleum

NYSE:CPE

US$2.4b

Crescent Energy

NYSE:CRGY

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for Earthstone Energy
Historical stock prices
Current Share Price	US$21.17
52 Week High	US$22.45
52 Week Low	US$11.32
Beta	2.07
11 Month Change	8.68%
3 Month Change	30.92%
1 Year Change	33.82%
33 Year Change	771.19%
5 Year Change	165.95%
Change since IPO	6,674.40%

Recent updates

Permian Resources: The Best Permian Pure Play On The Market

Oct 08

Earthstone Energy: Valued Fairly In Its $4.5 Billion Acquisition By Permian Resources

Aug 22

Here's Why Earthstone Energy (NYSE:ESTE) Can Manage Its Debt Responsibly

Aug 16

Earthstone Energy: Still Shopping For Bargains

Jul 26

Earthstone Buys Novo Oil & Gas For A Modest Price; Significant Upside For Heavily Discounted Vital Energy

Jun 18

These 4 Measures Indicate That Earthstone Energy (NYSE:ESTE) Is Using Debt Extensively

Sep 19

Earthstone Energy: Market Perceived Risk Climbing

Aug 28

Calculating The Intrinsic Value Of Earthstone Energy, Inc. (NYSE:ESTE)

Aug 24

Earthstone Energy Non-GAAP EPS of $1.29 beats by $0.01, revenue of $472.55M beats by $92.52M

Aug 04

Earthstone Energy: Growth Ahead

Jul 01

Shareholder Returns

	ESTE	US Oil and Gas	US Market
7D	-1.5%	0.4%	-2.1%
1Y	33.8%	13.9%	29.6%

Return vs Industry: ESTE exceeded the US Oil and Gas industry which returned -3.2% over the past year.

Return vs Market: ESTE exceeded the US Market which returned 14.1% over the past year.

Price Volatility

Is ESTE's price volatile compared to industry and market?
ESTE volatility
ESTE Average Weekly Movement	6.7%
Oil and Gas Industry Average Movement	5.3%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ESTE's share price has been volatile over the past 3 months.

Volatility Over Time: ESTE's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1969	219	Robert Anderson	www.earthstoneenergy.com

Earthstone Energy, Inc., operates as an independent oil and gas company in the United States. It engages in the acquisition and development of oil and gas reserves through drilling and development of undeveloped leases, as well as asset and corporate acquisitions and mergers. The company’s asset portfolio includes the Midland Basin in West Texas, Delaware Basin in New Mexico, and the Eagle Ford trend located in southern Gonzales County, Texas.

Earthstone Energy, Inc. Fundamentals Summary

How do Earthstone Energy's earnings and revenue compare to its market cap?
ESTE fundamental statistics
Market cap	US$2.98b
Earnings (TTM)	US$309.57m
Revenue (TTM)	US$1.75b

7.3x

P/E Ratio

1.3x

P/S Ratio

Is ESTE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ESTE income statement (TTM)
Revenue	US$1.75b
Cost of Revenue	US$497.98m
Gross Profit	US$1.26b
Other Expenses	US$946.37m
Earnings	US$309.57m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	2.91
Gross Margin	71.61%
Net Profit Margin	17.65%
Debt/Equity Ratio	66.7%

How did ESTE perform over the long term?

See historical performance and comparison

ESTE Stock Overview

Rewards

Risk Analysis

Earthstone Energy, Inc. Competitors

NasdaqGM:HPK

US$1.8b

NYSE:CIVI

US$4.9b

NYSE:CPE

US$2.4b

NYSE:CRGY

US$3.1b

Price History & Performance

Recent News & Updates

Earthstone Energy, Inc. Files Form 15

Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Insider recently sold US$445k worth of stock

Recent updates

Earthstone Energy, Inc. Files Form 15

Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Insider recently sold US$445k worth of stock

Insider notifies of intention to sell stock

Permian Resources: The Best Permian Pure Play On The Market

Executive Chairman notifies of intention to sell stock

Earthstone Energy: Valued Fairly In Its $4.5 Billion Acquisition By Permian Resources

Permian Resources Corporation (NYSE:PR) entered into a definitive agreement to acquire Earthstone Energy, Inc. (NYSE:ESTE) from EnCap Investments L.P. and others for approximately $2.7 billion.

Consensus EPS estimates increase by 12%

Here's Why Earthstone Energy (NYSE:ESTE) Can Manage Its Debt Responsibly

Consensus EPS estimates increase by 16%

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2023

Earthstone Energy: Still Shopping For Bargains

Consensus EPS estimates fall by 16%, revenue upgraded

New major risk - Revenue and earnings growth

Earthstone Energy, Inc.(NYSE:ESTE) dropped from Russell Small Cap Comp Growth Index

Earthstone Buys Novo Oil & Gas For A Modest Price; Significant Upside For Heavily Discounted Vital Energy

Earthstone Energy, Inc. (NYSE:ESTE) entered into an agreement to acquire Novo Oil & Gas Holdings, LLC from EnCap Investments L.P. and others for $1.5 billion.

Why We Like The Returns At Earthstone Energy (NYSE:ESTE)

Here's Why We Think Earthstone Energy (NYSE:ESTE) Is Well Worth Watching

Earthstone Energy (NYSE:ESTE) Takes On Some Risk With Its Use Of Debt

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Consensus EPS estimates fall by 12%

President recently bought US$116k worth of stock

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

A Look At The Fair Value Of Earthstone Energy, Inc. (NYSE:ESTE)

Now 20% undervalued after recent price drop

Black Mountain Energy Ltd (ASX:BME) acquired 8 Operating Wells And Leases in Permian Basin from Earthstone Energy, Inc. (NYSE:ESTE).

Earthstone Energy, Inc. Provides Production Guidance for the Year 2023

Earthstone Energy Provides 2023 Guidance After A Strong Finish To 2022

CEO, President & Director exercised options and sold US$1.4m worth of stock

Price target decreased by 7.6% to US$25.33

Now 21% undervalued after recent price drop

Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million.

Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million.

Earthstone Energy: It Is Showtime

Earthstone Energy: A Look At Its Potential 2023 Outlook

Investor sentiment deteriorated over the past week

Insider recently sold US$783k worth of stock

Insider recently sold US$783k worth of stock

Earthstone Energy Doing Well - Can It Continue?

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy, Inc. Provides Production Guidance for the Fourth Quarter of 2022

Earthstone Energy, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Earthstone Energy, Inc. (NYSE:ESTE) announces an Equity Buyback for 3,000,000 shares, for $44 million.

Earthstone Energy announces repurchase of 3M shares for $44M

Investor sentiment improved over the past week

Now 22% undervalued after recent price drop

These 4 Measures Indicate That Earthstone Energy (NYSE:ESTE) Is Using Debt Extensively

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Earthstone Energy: Market Perceived Risk Climbing

Calculating The Intrinsic Value Of Earthstone Energy, Inc. (NYSE:ESTE)