Earthstone Energy Q2 2023 Earnings Preview
About 67% of Earthstone Energy's investor base is looking to short. The analysis of current outlook of investing in Earthstone Energy suggests that many traders are alarmed regarding Earthstone Energy's prospects. The current market sentiment, together with Earthstone Energy's historical and current headlines, can help investors time the market. In addition, many technical investors use Earthstone Energy stock news signals to limit their universe of possible portfolio assets.
Earthstone |
Earthstone Energy is scheduled to announce Q2 earnings results on Wednesday, August 2nd, after market close.The consensus EPS estimate is 0.50 and the consensus revenue estimate...
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Earthstone Energy Fundamental Analysis
We analyze Earthstone Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Earthstone Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Earthstone Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Earthstone Energy is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Earthstone Energy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Earthstone Energy stock to make a market-neutral strategy. Peer analysis of Earthstone Energy could also be used in its relative valuation, which is a method of valuing Earthstone Energy by comparing valuation metrics with similar companies.
Peers
Earthstone Energy Related Equities
| CRK | Comstock Resources | 1.50 | ||||
| SD | SandRidge Energy | 1.30 | ||||
| GTE | Gran Tierra | 1.78 | ||||
| VTLE | Vital Energy | 3.22 | ||||
| MUR | Murphy Oil | 3.25 | ||||
| PR | Permian Resources | 3.28 | ||||
| FANG | Diamondback Energy | 3.40 | ||||
| PED | PEDEVCO Corp | 3.57 | ||||
| MTDR | Matador Resources | 3.61 | ||||
| MGY | Magnolia Oil | 3.66 | ||||
| AR | Antero Resources | 3.73 | ||||
| OBE | Obsidian Energy | 4.54 | ||||
| CIVI | Civitas Resources | 5.51 |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Earthstone Stock
If you are still planning to invest in Earthstone Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Earthstone Energy's history and understand the potential risks before investing.
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