Earthstone Energy, Inc. (NYSE:ESTE) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.08 per share from revenue of $ 40.39 million.
Looking ahead, the full year income are expected at $ 0.51 per share on the revenues of $ 146.86 million.
Previous Quarter Performance
Earthstone Energy, Inc. unwinded income for the second quarter of $ 0.20 per share, from the revenue of $ 21.66 million. Wall street analysts are predicting, ESTE to report 2Q20 income of $ 0.10 per share from revenue of $ 38.06 million. The bottom line results beat street analysts by $ 0.1 or 100.00 percent, at the same time, top line results fell short of analysts by $ 16.4 million or 43.09 percent.
Stock Performance
Shares of Earthstone Energy, Inc. traded up $ 0.02 or 0.78 percent on Tuesday, reaching $ 2.58 with volume of 71.20 thousand shares. Earthstone Energy, Inc. has traded high as $ 2.68 and has cracked $ 2.51 on the downward trend
According to the previous trading day, closing price of $ 2.58, representing a 77.78 % increase from the 52 week low of $ 1.44 and a 64.59 % decrease over the 52 week high of $ 7.23.
The company has a market capital of $ 167.92 million and is part of the Energy sector and Oil & Gas E&P industry.
Earthstone Energy, Inc., an independent energy company, engages in the development and operation of oil and gas properties in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2018, the company operated 93 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 98,847 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 23,646 MBOE of proved developed reserves and 75,201 MBOE of proved undeveloped reserves.
