An investigation for investors in NYSEMKT:ESTE shares over potential securities laws violations by Earthstone Energy Inc was announced and NYSEMKT:ESTE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/17/2017 -- An investigation was announced for investors in NYSEMKT:ESTE shares concerning possible violations of securities laws by Earthstone Energy Inc in connection certain financial statements.
Investors who purchased shares of Earthstone Energy Inc (NYSEMKT:ESTE), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on concerning whether certain statements regarding Earthstone Energy's business, its prospects and its operations were materially false and misleading at the time they were made.
The Woodlands, TX based Earthstone Energy, Inc. is an independent oil and natural gas development and production company that is also engaged in corporate mergers and the acquisition of oil and natural gas properties that have production and future development opportunities. Earthstone Energy Inc reported that its annual Total Revenue declined from $47.49 million in 2015 to $42.27 million in 2016 and that its Net Loss declined from $116.66 million in 2015 to $54.54 million in 2016. Shares of Earthstone Energy Inc (NYSEMKT:ESTE) declined from $36.21 per share in July 2014 to as low as $7.74 per share in September 2016.
On April 13, 2017, NYSEMKT:ESTE shares closed at $13.53 per share.
Those who purchased shares of Earthstone Energy Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego