Earthstone Energy Inc - Class A Shares Close in on 52-Week High ... - Nasdaq
| ESTEDelisted Stock | USD 15.32 0.32 2.13% |
About 55% of Earthstone Energy's shareholders are presently thinking to get in. The analysis of current outlook of investing in Earthstone Energy suggests that some traders are interested 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 Inc - Class A Shares Close in on 52-Week High ... Nasdaq
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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.
Price To Earning
Price To Earning Comparative Analysis
Earthstone Energy is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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 | 2.31 | ||||
| AR | Antero Resources | 0.36 | ||||
| MUR | Murphy Oil | 0.84 | ||||
| PED | PEDEVCO Corp | 1.15 | ||||
| VTLE | Vital Energy | 1.52 | ||||
| CIVI | Civitas Resources | 1.67 | ||||
| SD | SandRidge Energy | 1.98 | ||||
| OBE | Obsidian Energy | 2.04 | ||||
| MGY | Magnolia Oil | 2.08 | ||||
| MTDR | Matador Resources | 2.82 | ||||
| FANG | Diamondback Energy | 3.10 | ||||
| PR | Permian Resources | 3.27 | ||||
| GTE | Gran Tierra | 5.34 |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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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