Earthstone Energy: Market Perceived Risk Climbing [Seeking Alpha]
Earthstone Energy, Inc. Class A (ESTE)
NASDAQ:AMEX Investor Relations:
investor.earthstoneenergy.com
Company Research
Source: Seeking Alpha
peshkov(Note: This article was in the newsletter on July 1, 2022, and has been updated as needed.)Earthstone Energy (NYSE:ESTEannounced the Titus acquisitionseveral times the size before the shopping spree began. The stock price is beginning to reflect concerns about so many acquisitions as well as the handling of more stock outstanding. Investors need to keep in mind that sellers that receive stock often sell that stock. That will depress the stock price until the large seller exits.The market also has concerns about management making so many significant acquisitions in such a small space of time. This management may prove those worries unfounded as because the management has built and sold companies before. Nonetheless, it is clear that the market is factoring more risk into the stock price.Earthstone Energy Titus Acquisition Benefits (Earthstone Energy Titus Acquisition Presentation June 2022.)The current debt measures shown above are clearly conservative. The worry is that debt is
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