Earthstone Energy Inc Stock Upgraded (ESTE)
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- The revenue growth greatly exceeded the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 40.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The current debt-to-equity ratio, 0.37, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.29, which illustrates the ability to avoid short-term cash problems.
- Powered by its strong earnings growth of 63.15% and other important driving factors, this stock has surged by 145.28% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ESTE should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- EARTHSTONE ENERGY INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, EARTHSTONE ENERGY INC increased its bottom line by earning $2.27 versus $1.04 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 66.5% when compared to the same quarter one year prior, rising from $0.65 million to $1.09 million.
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