Earthstone Energy Inc. Class A (ESTE) had a good day on the market for Friday November 01 as shares jumped 5.67% to close at $4.10. About 82,975 shares traded hands on 2,124 trades for the day, compared with an average daily volume of n/a shares out of a total float of 64.45 million. After opening the trading day at $3.94, shares of Earthstone Energy Inc. Class A stayed within a range of $4.15 to $3.94.
With today’s gains, Earthstone Energy Inc. Class A now has a market cap of $264.24 million. Shares of Earthstone Energy Inc. Class A have been trading within a range of $8.62 and $3.00 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Earthstone Energy Inc is an independent oil and natural gas development and production company. The company focuses on the acquisition, development, exploration, and production of onshore, crude oil and natural gas reserves. It is also active in corporate mergers and the acquisition of oil and natural gas properties. The company’s reserve portfolio consists of assets in the Midland Basin of West Texas, and the Eagle Ford Trend of South Texas. Its operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States.
Earthstone Energy Inc. Class A is based out of The Woodlands, TX and has some 65 employees. Its CEO is Frank A. Lodzinski.
Earthstone Energy Inc. Class A is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
