Earthstone Energy, Inc. (ESTE)
Earthstone Energy, Inc. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in The Woodlands, TX, US. The stock last traded at $21.17, up 0.47% on the session, giving a market capitalisation of $2.98B. On trailing twelve-month figures it carries a trailing P/E of 3.05, a net margin of 38.4%. Its beta of 2.07 implies it has historically moved more than the broad market.
Earthstone Energy, Inc. operates as an independent firm specializing in the oil and natural gas sector across the United States. The company's operations involve the acquisition, exploration, development, and production of hydrocarbon resources. Its key asset locations are situated in prominent regions such as the Midland Basin of West Texas, the Delaware Basin in New Mexico, and the Eagle Ford trend in South Texas. As of December 31, 2021, Earthstone managed 120 gross wells within the Eagle Ford area. At that time, its total proven reserves were recorded at 147,587 thousand barrels of oil equivalent (MBOE), which included 93,575 MBOE of developed reserves and 54,012 MBOE of undeveloped reserves. Established in 1969, Earthstone Energy, Inc. is headquartered in The Woodlands, Texas.
Earthstone Energy, Inc. is most often compared with the following Energy names: