5 Cheap Energy Stocks To Buy

Page 1 of 5

In this piece, we will take a look at the five cheap energy stocks to buy. If you want to take a deeper look at the recent trends in the industry industry, then read 13 Cheap Energy Stocks To Buy.

5. Earthstone Energy, Inc. (NYSE:ESTE)

Forward Price To Earnings Ratio: 3.21

Number of Hedge Fund Investors In Q2 2023: 22

Earthstone Energy, Inc. (NYSE:ESTE) is an American oil company with operations in New Mexico and Texas. The firm is currently at the center of a broader trend of consolidation in the U.S. oil sector, and it completed a $5.4 billion merger in November 2023 for this purpose.

For their June quarter of 2023 shareholdings, 22 out of the 910 hedge funds part of Insider Monkey’s database were Earthstone Energy, Inc. (NYSE:ESTE)’s investors. Shaia Hosseinzadeh’s OnyxPoint Global Management owns the largest stake among these, which is worth $82 million.

Follow Earthstone Energy Inc (NYSEMKT:ESTE)



Page 1 of 5