Stock Short Interest Filing: Earthstone Energy Incorporated (NYSEMKT:ESTE) Has Increase in Shorts

January 11, 2017 - By Peter Erickson   ·   0 Comments

Stock Short Interest Filing: Earthstone Energy Incorporated (NYSEMKT:ESTE) Has Increase in Shorts

The stock of Earthstone Energy Incorporated (NYSEMKT:ESTE) registered an increase of 3.49% in short interest. ESTE’s total short interest was 729,900 shares in January as published by FINRA. Its up 3.49% from 705,300 shares, reported previously. With 105,800 shares average volume, it will take short sellers 7 days to cover their ESTE’s short positions. The short interest to Earthstone Energy Incorporated’s float is 7.56%. About 20,183 shares traded hands. Earthstone Energy Inc (NYSEMKT:ESTE) has risen 2.37% since June 7, 2016 and is uptrending. It has underperformed by 5.05% the S&P500.

Earthstone Energy, Inc. is an independent oil and natural gas exploration and production company. The company has a market cap of $305.58 million. The Firm is focused on the acquisition, development, exploration and production of onshore, natural gas and crude oil reserves. It currently has negative earnings. The Company’s activities are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States.

Earthstone Energy Inc (NYSEMKT:ESTE) Ratings Coverage

Out of 8 analysts covering Earthstone Energy (NYSEMKT:ESTE), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Earthstone Energy has been the topic of 16 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Earthstone Energy Inc (NYSEMKT:ESTE) earned “Buy” rating by Canaccord Genuity on Friday, December 18. FBR Capital maintained Earthstone Energy Inc (NYSEMKT:ESTE) rating on Friday, May 27. FBR Capital has “Outperform” rating and $20 price target. Robert W. Baird upgraded it to “Outperform” rating and $16 target price in Monday, November 21 report. FBR Capital maintained it with “Outperform” rating and $18 target price in Monday, December 19 report. The stock has “Outperform” rating given by Imperial Capital on Friday, July 8. The stock of Earthstone Energy Inc (NYSEMKT:ESTE) earned “Buy” rating by TH Capital on Monday, August 17. On Wednesday, December 16 the stock rating was maintained by Imperial Capital with “Outperform”. GMP Securities initiated Earthstone Energy Inc (NYSEMKT:ESTE) on Wednesday, February 3 with “Buy” rating. The rating was maintained by FBR Capital with “Outperform” on Tuesday, June 28. The firm earned “Accumulate” rating on Friday, December 9 by Seaport Global.

ESTE Company Profile

Earthstone Energy, Inc., incorporated on July 7, 1969, is an independent oil and natural gas exploration and production company. The Firm is focused on the acquisition, development, exploration and production of onshore, natural gas and crude oil reserves. The Company’s activities are in the upstream segment of the oil and natural gas industry, and are conducted onshore in the United States. The Company’s asset portfolio includes activities in the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota and Montana. It also owns other operated and non-operated properties in east and south Texas, and eastern Oklahoma. It serves as the operator for its Fayette, Gonzales and Karnes acreage with working interests. It is a non-operator with respect to its La Salle County acreage with working interests. It is also a non-operator with respect to its properties in the Williston Basin. It is an operator of properties of its oil and natural gas reserves, and PV-10.

More important recent Earthstone Energy Inc (NYSEMKT:ESTE) news were published by: Marketwatch.com which released: “Earthstone Energy stock price target raised to $16 from $11 at RW Baird” on January 31, 2011, also Nasdaq.com published article titled: “Earthstone Energy Inc (ESTE) CEO Frank Alan Lodzinski Bought $257250 of Stocks”, Benzinga.com published: “Baird Increasingly Constructive On Earthstone Energy” on June 29, 2016. More interesting news about Earthstone Energy Inc (NYSEMKT:ESTE) was released by: Globenewswire.com and their article: “EARTHSTONE ENERGY INVESTIGATION SHAREHOLDER ALERT – Andrews & Springer LLC Is …” with publication date: December 27, 2016.

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By Peter Erickson

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