Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Earthstone Energy, Inc.    ESTE

EARTHSTONE ENERGY, INC.

(ESTE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Earthstone Energy, Inc. : Announces New Five-Year Revolving Credit Facility with $325 Million Borrowing Base

share with twitter share with LinkedIn share with facebook
share via e-mail
11/21/2019 | 04:07pm EDT

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today it entered into a new credit agreement with respect to its senior secured revolving credit facility (the “New Credit Facility”). The New Credit Facility has a maturity date of November 21, 2024 with a maximum credit amount of $1.5 billion and an initial borrowing base of $325 million. Wells Fargo Securities, LLC and RBC Capital Markets acted as Joint Lead Arrangers for the syndication of the New Credit Facility and Wells Fargo Bank, National Association is acting as Administrative Agent.

Robert J. Anderson, Earthstone’s President, commented, “We are very pleased to put our New Credit Facility in place and extend the maturity to five years. We greatly appreciate the ongoing support from our lending group, each member of which has a prior positive lending history with Earthstone or our management team in prior entities. The New Credit Facility helps secure substantial liquidity for the Company while maintaining a simple capital structure as we continue to grow our production base and create shareholder value.”

About Earthstone Energy, Inc.

Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in development and operation of oil and natural gas properties. The Company’s primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas. Earthstone is traded on NYSE under the symbol “ESTE.” For more information, visit the Company’s website at www.earthstoneenergy.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “forecast,” “guidance,” “target,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. Forward-looking statements are based on current expectations and assumptions and analyses made by Earthstone and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Earthstone’s annual report on Form 10-K for the year ended December 31, 2018, quarterly reports on Form 10-Q, recent current reports on Form 8-K, and other Securities and Exchange Commission (“SEC”) filings. Earthstone undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on EARTHSTONE ENERGY, INC.
03/18EARTHSTONE ENERGY : Provides Updated 2020 Capital Plan and Guidance
AQ
03/18EARTHSTONE ENERGY INC : Regulation FD Disclosure, Financial Statements and Exhib..
AQ
03/17EARTHSTONE ENERGY : CORRECTING and REPLACING Earthstone Provides Updated 2020 Ca..
BU
03/11EARTHSTONE ENERGY : 4Q Earnings Snapshot
AQ
03/11EARTHSTONE ENERGY INC : Results of Operations and Financial Condition, Regulatio..
AQ
03/11EARTHSTONE ENERGY, INC. : Reports 2019 Fourth Quarter and Full Year Results with..
BU
03/03EARTHSTONE ENERGY, INC. ANNOUNCES FO : 00 a.m. Eastern
BU
01/31EARTHSTONE ENERGY INC : Change in Directors or Principal Officers, Regulation FD..
AQ
01/30EARTHSTONE ENERGY : Announces Officer Appointments
BU
01/29EARTHSTONE ENERGY : Provides Operations Update and 2020 Guidance
BU
More news
Financials (USD)
Sales 2020 188 M
EBIT 2020 56,9 M
Net income 2020 25,0 M
Debt 2020 88,0 M
Yield 2020 -
P/E ratio 2020 3,35x
P/E ratio 2021 5,21x
EV / Sales2020 0,78x
EV / Sales2021 1,09x
Capitalization 59,3 M
Chart EARTHSTONE ENERGY, INC.
Duration : Period :
Earthstone Energy, Inc. Technical Analysis Chart | ESTE | US27032D3044 | MarketScreener
Technical analysis trends EARTHSTONE ENERGY, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 3,81  $
Last Close Price 2,01  $
Spread / Highest target 149%
Spread / Average Target 89,3%
Spread / Lowest Target -0,50%
EPS Revisions
Managers
NameTitle
Frank Alan Lodzinski Chairman & Chief Executive Officer
Robert John Anderson President
Steven C. Collins Executive Vice President-Operations & Completions
Mark Lumpkin Chief Financial Officer & Executive Vice President
Raymond J. Singleton Director
Sector and Competitors
1st jan.Capitalization (M$)
EARTHSTONE ENERGY, INC.-68.25%59
SAUDI ARABIAN OIL COMPANY1.20%1 591 102
CNOOC LIMITED-0.28%44 754
CONOCOPHILLIPS-55.02%31 623
EOG RESOURCES, INC.-57.02%20 954
PIONEER NATURAL RESOURCES COMPANY-54.65%11 376