Large Inflow of Money Witnessed in Earthstone Energy

Earthstone Energy (NYSEMKT:ESTE) : Wednesdays money flow indicated an uptick to downtick ratio was at 3.4. The total value of inflow transactions on upticks was $0.03 million, whereas, the total value of outflow trades on downticks was $0.01 million. The total money flow was $0.02 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.01 million. The total value of the trades done on upticks was $0.01 million. Earthstone Energy (NYSEMKT:ESTE) was trading with a -1.27% change over previous days close. It fell $0.14 during the day and reached $10.91. The stock was 3.71% compared to the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Earthstone Energy Inc, Zorich Robert L, had purchased 38,000 shares in a transaction dated on June 21, 2016. The transaction was executed at $10.5 per share with total amount equaling $399,000. Currently the company Insiders own 69.3% of Earthstone Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.74% . Institutional Investors own 2.34% of Earthstone Energy shares. During last six month period, the net percent change held by insiders has seen a change of 0.74%.

The company shares have dropped -42.45% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $20.15 and the one year low was seen on Jun 22, 2016. The 50-Day Moving Average price is $12.29 and the 200 Day Moving Average price is recorded at $12.54. Earthstone Energy (NYSEMKT:ESTE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.09 and $10.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.09, notching a gain of 0.36% for the day. The total traded volume was 156,384 . The stock had closed at $11.05 on the previous day.

Earthstone Energy, Inc. is an independent oil and gas exploration and production company primarily engaged in the exploration, development and production of oil and natural gas properties. Its operating activities are concentrated in the North Dakota and Montana portions of the Williston Basin and south Texas. As of March 31, 2014 the Companys estimated net proved oil and natural gas reserves were approximately 2,554,000 barrels of oil and condensate and approximately 3,413,000 thousand cubic feet of natural gas. In addition to the Williston Basin, the Company is pursuing a new exploration project in the Nebraska portion of the Denver-Julesburg (DJ) basin. The Williston basin continues to be the Companys highest area of activity.

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