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Investigation announced for Investors in Earthstone Energy, Inc. (NYSE: ESTE)

05-07-2020 08:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Earthstone Energy, Inc. (NYSE: ESTE) shares over potential wrongdoing at Earthstone Ene

An investigation on behalf of investors in Earthstone Energy, Inc. (NYSE: ESTE) shares over potential wrongdoing at Earthstone Ene

An investigation on behalf of current long-term investors in shares of Earthstone Energy, Inc. (NYSE: ESTE) was announced over potential breaches of fiduciary duties by certain officers and directors at Earthstone Energy, Inc.

Investors who purchased shares of Earthstone Energy, Inc. (NYSE: ESTE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Earthstone Energy, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

The Woodlands, TX based Earthstone Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. Earthstone Energy, Inc. reported that its annual Total Revenue rose from $165.35 million in 2018 to $191.26 million in 2019 and that its Net Income declined from $42.32 million in 2018 to $0.719 million in 2019.

Shares of Earthstone Energy, Inc. (NYSE: ESTE) declined from $15.70 per share in late 2016 to as low as $1.44 per share on April 21, 2020.

Those who purchased shares of Earthstone Energy, Inc. (NYSE: ESTE), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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