Last $21.45 USD
Change Today 0.00 / 0.00%
Volume 1.1K
As of 4:15 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

earthstone energy inc (ESTE) Snapshot

Open
$21.20
Previous Close
$21.45
Day High
$21.45
Day Low
$21.20
52 Week High
03/5/14 - $23.00
52 Week Low
08/8/13 - $12.58
Market Cap
37.2M
Average Volume 10 Days
2.7K
EPS TTM
$2.03
Shares Outstanding
1.7M
EX-Date
--
P/E TM
10.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for EARTHSTONE ENERGY INC (ESTE)

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earthstone energy inc (ESTE) Details

Earthstone Energy, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the United States. It primarily operates in the North Dakota and Montana portions of the Williston basin, and south Texas. As of March 31, 2013, it had an estimated net proved oil and natural gas reserves of 2,457,000 barrels of oil and condensate, as well as 2,786,000 thousand cubic feet of natural gas; and owned a working interest in 138 gross producing oil wells, 3 gross producing gas wells, 7 disposal wells, and 7 injector wells in the states of North Dakota, Montana, Texas, Louisiana, Colorado, and Wyoming. The company was formerly known as Basic Earth Science Systems, Inc. and changed its name to Earthstone Energy, Inc. in February 2010. Earthstone Energy, Inc. was founded in 1969 and is based in Denver, Colorado.

14 Employees
Last Reported Date: 06/14/13
Founded in 1969

earthstone energy inc (ESTE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $231.0K
Interim Chief Financial Officer
Total Annual Compensation: $12.0K
Compensation as of Fiscal Year 2013.

earthstone energy inc (ESTE) Key Developments

Earthstone Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Remainder of 2013

Earthstone Energy, Inc. reported earnings results for the third quarter and nine months ended December 31, 2013. The company reported net income of $933,000, $0.54 per diluted share, on revenue of $4.5 million for the third quarter of fiscal 2014 compared to net income of $370,000, $0.22 per diluted share, on revenue of $2.8 million for the third quarter of fiscal 2013. The strong results were due to increases in oil and gas sales volumes as well as in oil and gas prices in 2013 from 2012. For the nine months ending December 2013, the company reported net income of $2,850,000, $1.65 per diluted share, on revenue of $12.7 million compared to net income of $1,126,000, $0.65 per diluted share, on revenue of $8.0 million for the same period ended December 2012. For remainder of 2013, the company anticipates increasing the company's earnings and cash flow.

Earthstone Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2013

Earthstone Energy, Inc. reported earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company has reported net income of $1,224,000, or $0.71 per diluted share, on revenue of $4,672,000 for the second quarter of fiscal 2014, ended September 30, 2013. This compares to net income of $486,000, or $0.28 per diluted share, on revenue of $2,809,000 for the second quarter of fiscal 2013, ended September 30, 2012. Notably, BOE (barrels, oil equivalent) sales were up nearly 43% and year-to-date EBITDA increased 148% over the same period last year. Compared to the trailing quarter, BOE sales were up nearly 25% and second quarter EBITDA increased 55% over the trailing quarter EBITDA. For the first half of fiscal year 2014, the company reported net income of $1,917,000, or $1.11 per share, on revenue of $8,267,000, compared to net income of $756,000, or $0.44 per share, on revenue of $5,156,000 for the six months ended September 30, 2012.

Earthstone Energy, Inc. Announces Current Operational Activities Along with Activities for Second Fiscal Quarter, Ended September 30, 2013

Earthstone Energy, Inc. announced an update of its current operational activities along with activities for its second fiscal quarter, ended September 30, 2013. There continues to be excellent potential for reserve growth in the Banks area, where the company placed seven new wells on production in the second quarter, ended September 30, 2013. All seven wells are operated by Statoil and include, the Enderud 9-4 4TFH, Beaux 18-19 2TFH, Beaux 18-19 7H, Sax 25-36 3H, Sax 25-36 4TFH, Sax 25-36 5H and Sax 25-36 6TFH. Currently, two wells are drilling and six wells are being completed or are waiting on hydraulic stimulation. With respect to oil and gas reserves classifications, at quarter-end, five wells were reclassified from Proved Undeveloped (PUD) to the Proved Developed, Producing (PDP) category and seven wells were reclassified from Proved Developed, Non-Producing (PDNP) to PDP. In addition, four wells were reclassified from PUD to PDNP.

 

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Valuation ESTE Industry Range
Price/Earnings 10.6x
Price/Sales 2.3x
Price/Book 1.6x
Price/Cash Flow 5.3x
TEV/Sales 1.7x
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