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Earthstone Energy

DB:BSC2
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSC2
DB
$130M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Earthstone Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Earthstone Energy has significant price volatility in the past 3 months.
BSC2 Share Price and Events
7 Day Returns
16.8%
DB:BSC2
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-70.9%
DB:BSC2
21.9%
DE Oil and Gas
-17.7%
DE Market
BSC2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Earthstone Energy (BSC2) 16.8% -49.7% -67.7% -70.9% -85% -91.7%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • BSC2 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • BSC2 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
BSC2
Industry
5yr Volatility vs Market

Value

 Is Earthstone Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Earthstone Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Earthstone Energy.

DB:BSC2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BSC2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (133.27%))
1.441
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.441 * 5.44%)
7.45%

Discounted Cash Flow Calculation for DB:BSC2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Earthstone Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:BSC2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.45%)
2020 27.23 Analyst x4 25.34
2021 -9.10 Analyst x4 -7.89
2022 7.00 Analyst x1 5.64
2023 10.67 Est @ 52.41% 8.00
2024 14.57 Est @ 36.57% 10.17
2025 18.28 Est @ 25.48% 11.88
2026 21.52 Est @ 17.72% 13.01
2027 24.17 Est @ 12.29% 13.60
2028 26.22 Est @ 8.48% 13.73
2029 27.74 Est @ 5.82% 13.52
Present value of next 10 years cash flows $107.00
DB:BSC2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $27.74 × (1 + -0.39%) ÷ (7.45% – -0.39%)
$352.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $352.44 ÷ (1 + 7.45%)10
$171.78
DB:BSC2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $107.00 + $171.78
$278.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $278.78 / 64.73
$4.31
DB:BSC2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BSC2 represents 0.9005x of NYSE:ESTE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9005x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.31 x 0.9005
€3.88
Value per share (EUR) From above. €3.88
Current discount Discount to share price of €1.81
= -1 x (€1.81 - €3.88) / €3.88
53.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Earthstone Energy is available for.
Intrinsic value
>50%
Share price is €1.81 vs Future cash flow value of €3.88
Current Discount Checks
For Earthstone Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Earthstone Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Earthstone Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Earthstone Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Earthstone Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BSC2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.02
NYSE:ESTE Share Price ** NYSE (2020-03-30) in USD $2.01
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Earthstone Energy.

DB:BSC2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ESTE Share Price ÷ EPS (both in USD)

= 2.01 ÷ 0.02

81.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Earthstone Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Earthstone Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Earthstone Energy's expected growth come at a high price?
Raw Data
DB:BSC2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 81.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
65.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:BSC2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 81.03x ÷ 65.7%

1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Earthstone Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Earthstone Energy's assets?
Raw Data
DB:BSC2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.75
NYSE:ESTE Share Price * NYSE (2020-03-30) in USD $2.01
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:BSC2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ESTE Share Price ÷ Book Value per Share (both in USD)

= 2.01 ÷ 11.75

0.17x

* Primary Listing of Earthstone Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Earthstone Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Earthstone Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Earthstone Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Earthstone Energy expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Earthstone Energy expected to grow at an attractive rate?
  • Earthstone Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Earthstone Energy's earnings growth is expected to exceed the Germany market average.
  • Earthstone Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BSC2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BSC2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 65.7%
DB:BSC2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -3.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BSC2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BSC2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 170 142 1
2023-12-31 167 132 1
2022-12-31 164 124 1
2021-12-31 180 117 21 6
2020-12-31 188 129 25 6
2020-03-30
DB:BSC2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 191 126 1
2019-09-30 158 92 39
2019-06-30 164 104 28
2019-03-31 157 93 20
2018-12-31 165 102 42
2018-09-30 151 123 9
2018-06-30 137 93 10
2018-03-31 126 63 -8
2017-12-31 102 51 -13
2017-09-30 83 24 -48
2017-06-30 63 26 -53
2017-03-31 48 21 -47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Earthstone Energy's earnings are expected to grow significantly at over 20% yearly.
  • Earthstone Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BSC2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Earthstone Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BSC2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.43 0.43 0.43 1.00
2023-12-31 0.42 0.42 0.42 1.00
2022-12-31 0.41 0.41 0.41 1.00
2021-12-31 0.39 0.57 0.05 5.00
2020-12-31 0.60 0.81 0.34 5.00
2020-03-30
DB:BSC2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.02
2019-09-30 1.37
2019-06-30 0.98
2019-03-31 0.70
2018-12-31 1.50
2018-09-30 0.31
2018-06-30 0.37
2018-03-31 -0.32
2017-12-31 -0.53
2017-09-30 -2.12
2017-06-30 -2.38
2017-03-31 -2.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Earthstone Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Earthstone Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Earthstone Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Earthstone Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Earthstone Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Earthstone Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Earthstone Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Earthstone Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Earthstone Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Earthstone Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BSC2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 191.26 0.72 28.26
2019-09-30 157.81 39.47 30.51
2019-06-30 164.29 27.93 29.22
2019-03-31 157.18 19.80 29.48
2018-12-31 165.36 42.33 27.98
2018-09-30 151.33 8.52 26.39
2018-06-30 137.20 9.85 28.74
2018-03-31 126.32 -7.92 28.84
2017-12-31 102.02 -12.51 27.07
2017-09-30 83.07 -47.89 23.35
2017-06-30 63.38 -53.34 19.67
2017-03-31 48.20 -47.39 14.83
2016-12-31 40.07 -54.54 12.72
2016-09-30 33.24 -138.00 11.06 0.35
2016-06-30 35.58 -132.39 9.90 0.59
2016-03-31 40.62 -121.96 9.97 0.75
2015-12-31 44.88 -116.66 9.85
2015-09-30 48.93 -37.46 10.72 0.68
2015-06-30 48.16 -34.97 9.96 0.68
2015-03-31 45.49 -32.69 9.13 0.63
2014-12-31 45.61 -28.83 6.94 0.71
2014-09-30 43.23 -4.37 9.14 0.55
2014-06-30 42.45 -7.47 8.83 0.52
2014-03-31 36.92 -13.17 8.78 0.51
2013-12-31 28.84 -19.88 9.14 0.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Earthstone Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Earthstone Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Earthstone Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Earthstone Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Earthstone Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Earthstone Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Earthstone Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Earthstone Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Earthstone Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Earthstone Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Earthstone Energy Company Filings, last reported 2 months ago.

DB:BSC2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 835.75 170.00 13.82
2019-09-30 839.73 125.00 9.82
2019-06-30 811.56 110.00 5.79
2019-03-31 790.03 120.83 0.43
2018-12-31 826.49 78.83 0.38
2018-09-30 744.09 35.00 13.43
2018-06-30 742.29 22.50 4.20
2018-03-31 739.40 30.00 11.06
2017-12-31 725.73 25.00 22.96
2017-09-30 679.54 73.10 11.05
2017-06-30 674.16 73.51 16.67
2017-03-31 243.50 13.91 10.01
2016-12-31 241.46 14.30 10.20
2016-09-30 273.09 14.70 23.81
2016-06-30 275.67 15.06 18.87
2016-03-31 193.45 11.19 5.68
2015-12-31 199.87 11.19 23.26
2015-09-30 316.38 11.19 41.33
2015-06-30 314.67 11.19 44.87
2015-03-31 315.41 11.19 59.69
2014-12-31 316.53 11.19 100.45
2014-09-30 157.41 10.83 31.97
2014-06-30 153.19 10.83 32.04
2014-03-31 151.66 10.83 35.44
2013-12-31 148.92 10.83 25.42
  • Earthstone Energy's level of debt (20.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.5% vs 20.3% today).
  • Debt is well covered by operating cash flow (74.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Earthstone Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Earthstone Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Earthstone Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Earthstone Energy dividends.
If you bought €2,000 of Earthstone Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Earthstone Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Earthstone Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BSC2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BSC2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Earthstone Energy has not reported any payouts.
  • Unable to verify if Earthstone Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Earthstone Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Earthstone Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Earthstone Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Earthstone Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Earthstone Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Earthstone Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Lodzinski
COMPENSATION $2,941,250
AGE 70
TENURE AS CEO 5.3 years
CEO Bio

Mr. Frank A. Lodzinski has been the Chief Executive Officer, President and Director of Lynden Energy Corp. since May 18, 2016. Mr. Lodzinski has been the Chief Executive Officer of Earthstone Energy, Inc. since December 2014 and served as its President from December 2014 to April 2018. He has oil and gas industry experience, including the successful completion of several strategic combinations. He served as President and Chief Executive Officer of Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with Earthstone Energy, Inc. (“Earthstone”) to December 2014. He served as the President and Chief Executive Officer of HK Energy, LLC. He founded HK Energy, LLC, Southern Bay Energy, LLC and its affiliate, Southern Bay Operating, LLC in 2004. He served as President of Southern Bay Energy, LLC upon its formation. He served as the President and Chief Executive Officer of GeoResources, Inc. from April 17, 2007 to August 1, 2012 and served as its Chairman from April 2007 until August 1, 2012. From September 2012 until December 2012 he conducted pre-formation activities for Oak Valley. He served as the Chief Executive Officer and President of AROC, Inc. since 2001. He served as the Chief Executive Officer and President of Texoil, Inc. since December 31, 1997. He served as the President of Cliffwood Oil & Gas Company ("Cliff Wood"), a subsidiary of Texoil, Inc. since 1996. From January 1992 to February 1995, he served as the President of Hampton Resources Corporation, which he Co-founded. From February 1995 to February 1996, he served as Consultant to Bellwether Exploration Company. In 1984, he formed Energy Resource Associates, Inc. From 1984 to 1992, he was engaged in the oil and natural gas business through Energy Resource Associates, Inc., which he owned and controlled. He served in public accounting with Arthur Andersen LLP and in various capacities with independent oil and gas companies. He has been the Chairman of Earthstone Energy, Inc. since December 2014. He served as the Chairman of Texoil, Inc. since December 31, 1997. He formed Cliffwood Oil & Gas Corp. in 1996. He serves as a Member of Board Managers at HK Energy, LLC, the general partner of Southern Bay Oil & Gas, L.P. He has been an Independent Director of Yuma Energy, Inc. since August 2012. He served as Director of Yuma Energy, Inc., Prior to reverse Merger with Davis Petroleum Acquisition Corp. since September 10, 2014. He served as Director of Yuma California from September 10, 2014 to October 26, 2016. He served as Director of Yuma Co. since August 2012. He served as a Director of Texoil, Inc. since December 31, 1997. From January 1992 to February 1995, he served as a Director of Hampton Resources Corporation. He served as a Director of GeoResources, Inc. from April 17, 2007 to August 1, 2012. He served as a Director of Cliffwood since 1996. Mr. Lodzinski is Certified Public Accountant and holds BSBA degree in Accounting and Finance from Wayne State University.

CEO Compensation
  • Frank's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Frank's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Earthstone Energy management team in years:

4.1
Average Tenure
63
Average Age
  • The tenure for the Earthstone Energy management team is about average.
Management Team

Frank Lodzinski

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
70
TENURE
5.3 yrs

Robert Anderson

TITLE
CEO & President
COMPENSATION
$2M
AGE
57
TENURE
1.9 yrs

Timothy Merrifield

TITLE
Executive Vice President of Geological & Geophysical
COMPENSATION
$1M
AGE
63
TENURE
5.3 yrs

Mark Lumpkin

TITLE
Executive VP & CFO
COMPENSATION
$545K
AGE
45
TENURE
2.6 yrs

Steve Collins

TITLE
Executive Vice President of Completions & Operations
AGE
54
TENURE
5.3 yrs

Tony Oviedo

TITLE
Executive Vice President of Accounting & Administration
COMPENSATION
$842K
AGE
65
TENURE
3 yrs

Francis Mury

TITLE
Executive Vice President of Drilling & Development
AGE
67
TENURE
5.3 yrs

Lenny Wood

TITLE
Vice President of Exploration & Development
TENURE
2 yrs

Bill Wiederkehr

TITLE
VP of Financial Reporting & Tax and Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Earthstone Energy board of directors in years:

5.3
Average Tenure
63
Average Age
  • The tenure for the Earthstone Energy board of directors is about average.
Board of Directors

Jay Joliat

TITLE
Independent Director
COMPENSATION
$104K
AGE
63
TENURE
5.3 yrs

Frank Lodzinski

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
70
TENURE
5.3 yrs

Phil Kramer

TITLE
Independent Director
COMPENSATION
$103K
AGE
63
TENURE
3.4 yrs

Bob Zorich

TITLE
Director
AGE
69
TENURE
5.3 yrs

Doug Swanson

TITLE
Director
AGE
47
TENURE
5.3 yrs

Brad Thielemann

TITLE
Independent Director
AGE
41
TENURE
5.3 yrs

Zachary Urban

TITLE
Independent Director
COMPENSATION
$88K
AGE
41
TENURE
5.3 yrs

Ray Singleton

TITLE
Director
COMPENSATION
$83K
AGE
68
TENURE
30.7 yrs

Wynne Snoots

TITLE
Director
AGE
58
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Earthstone Energy individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 20 Sell Flatonia Energy, LLC Company 05. Sep 19 03. Mar 20 -685,041 €6.29 €-4,306,077
09. Jan 20 Sell Tony Oviedo Individual 07. Jan 20 07. Jan 20 -12,000 €6.27 €-75,200
27. Aug 19 Buy Robert Anderson Individual 26. Aug 19 27. Aug 19 10,000 €2.88 €28,848
02. Jul 19 Sell Tony Oviedo Individual 02. Jul 19 02. Jul 19 -12,000 €5.65 €-67,763
X
Management checks
We assess Earthstone Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Earthstone Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Earthstone Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2019, the company operated 103 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 94,336 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 31,521 MBOE of proved developed reserves and 62,815 MBOE of proved undeveloped reserves. Earthstone Energy, Inc. was founded in 1969 and is headquartered in The Woodlands, Texas.

Details
Name: Earthstone Energy, Inc.
BSC2
Exchange: DB
Founded: 1969
$117,929,475
$53,711,174
64,730,120
Website: http://www.earthstoneenergy.com
Address: Earthstone Energy, Inc.
1400 Woodloch Forest Drive,
Suite 300,
The Woodlands,
Texas, 77380,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ESTE Class A Common Stock New York Stock Exchange US USD 13. Dec 1972
DB BSC2 Class A Common Stock Deutsche Boerse AG DE EUR 13. Dec 1972
Number of employees
Current staff
Staff numbers
69
Earthstone Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:34
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.