Earthstone Energy (ESTE) Valuation Update - May 6

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dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Earthstone Energy (ESTE) Valuation Update - May 6

Post by dan_s »

I have updated my forecast model for ESTE. My valuation stays at $32/share based on just 4X annualized operating cash flow per share.

Earthstone has agreed to host a Houston luncheon for us on June 14.

I think it deserves a higher valuation multiple.

None of the analysts covering ESTE have updated their price targets as of this date.
Dan Steffens
Energy Prospectus Group
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