It Seems Earthstone Energy INC.CLASS A Company (NYSE:ESTE) Will Go Up. Just Reported Less Shorted Shares

September 28, 2017 - By Vivian Park

 It Seems Earthstone Energy INC.CLASS A Company (NYSE:ESTE) Will Go Up. Just Reported Less Shorted Shares

The stock of Earthstone Energy INC.CLASS A Company (NYSE:ESTE) registered a decrease of 2.69% in short interest. ESTE’s total short interest was 878,200 shares in September as published by FINRA. Its down 2.69% from 902,500 shares, reported previously. With 86,400 shares average volume, it will take short sellers 10 days to cover their ESTE’s short positions. The short interest to Earthstone Energy INC.CLASS A Company’s float is 9.1%.

About 21,085 shares traded. Earthstone Energy Inc (NYSE:ESTE) has risen 7.48% since September 28, 2016 and is uptrending. It has underperformed by 9.22% the S&P500.

Earthstone Energy, Inc. is an independent oil and natural gas development and production company. The company has market cap of $259.70 million. The Firm is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. It currently has negative earnings. The Company’s activities are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States.

Earthstone Energy Inc (NYSE:ESTE) Ratings Coverage

Among 4 analysts covering Earthstone Energy (NYSE:ESTE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Earthstone Energy had 5 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 18 by Canaccord Genuity.

More important recent Earthstone Energy Inc (NYSE:ESTE) news were published by: Globenewswire.com which released: “EARTHSTONE ENERGY INVESTIGATION SHAREHOLDER ALERT – Andrews & Springer LLC Is …” on December 27, 2016, also Finance.Yahoo.com published article titled: “Earthstone Energy, Inc. and Bold Energy III LLC Announce Strategic Combination”, Seekingalpha.com published: “Earthstone Energy Merger Will Fuel Future Growth” on November 14, 2016. More interesting news about Earthstone Energy Inc (NYSE:ESTE) was released by: Seekingalpha.com and their article: “A Reverse Merger Remakes Earthstone Energy” with publication date: May 31, 2017.

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