The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Jun. 26, 9:36 AM

Slide #16. Earthstone Energy, Inc. Secondary Offering

Company: Earthstone Energy, Inc. (AMEX:ESTE)
Date announced: 6/15/2016
Shares Offered: 4,500,000
Date of Pricing: 6/16/2016
Price Per Share: $10.50
Secondary Offering Details: Earthstone Energy, Inc. (NYSE MKT: ESTE) announced today that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 6/16- Earthstone Energy, Inc. (NYSE MKT: ESTE) announced today that it has priced an underwritten public offering of 4,500,000 shares of its common stock to the public at $10.50 per share. The Company expects to close the sale of the shares of common stock on June 21, 2016, subject to customary closing conditions. Net proceeds to the Company from the sale of 4,500,000 shares, are expected to be approximately $44.7 million, after deducting underwriting discounts, commissions and estimated offering expenses. The Company has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions).

Earthstone Energy is an independent oil and gas exploration and production company engaged in the acquisition, development, exploration and production of onshore, unconventional reserves, with a focus on the Eagle Ford trend of South Texas and in the Williston Basin of North Dakota and Montana. Co. also has wells in East Texas, South Texas, Louisiana and Oklahoma. As of Dec 31 2014, Co.'s total proved reserves consisted of 13.8 million barrels of oil, 38.58 billion cubic feet of natural gas, and 2.0 million barrels of natural gas liquids.

ESTE SEC Filing Email Alerts Service

Open the ESTE Page at The Online Investor »

Company Name:  Earthstone Energy Inc.
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding ESTE:  9
Total Market Value Held by ETFs:  $379743
Total Market Capitalization:  $145.00M
% of Market Cap. Held by ETFs:  0.26%

Open the ESTE Page at The Online Investor (in a new window) »

June 26, 2016    9:36 AM Eastern
Quotes delayed 20 minutes

Strong Buy (3.60 out of 4)
73rd percentile
(ranked higher than approx. 73% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.