The President of Earthstone Energy (ESTE) is Buying Shares

Yesterday, the President of Earthstone Energy (ESTE), Robert John Anderson, bought shares of ESTE for $32K.

Following this transaction Robert John Anderson’s holding in the company was increased by 3.38% to a total of $974.1K.

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Based on Earthstone Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $44.54 million and quarterly net profit of $8.78 million. In comparison, last year the company earned revenue of $37.15 million and had a net profit of $650K. The company has a one-year high of $10.19 and a one-year low of $3. ESTE’s market cap is $93.19M and the company has a P/E ratio of 3.20.

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Earthstone Energy, Inc. engages in the acquisition, exploration, development, and production of oil and gas preserves. Its primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas. The company was founded on July 7, 1969 and is headquartered in the The Woodlands, TX.