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Earthstone Energy (ESTE) Shows Strength: Stock Up 9.4%

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Earthstone Energy, Inc. was a big mover last session, as the company saw its shares rise above 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $11.50 to $14.05 in the past one-month time frame.

The company has seen one negative estimate revision in the past seven days. Also, its Zacks Consensus Estimate moved lower over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Earthstone Energy currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is a negative.

Earthstone Energy, Inc. Price

 

A better-ranked stock in the Oil and Gas – Exploration and Production – industry is Concho Resources Inc. , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ESTE going up? Or down? Predict to see what others think: Up or Down

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