Press release
Earthstone Energy, Inc. (NYSE: ESTE) Investor Notice: Lawsuit filed to access books and records
A lawsuit was filed by an investor in Earthstone Energy, Inc. (NYSE: ESTE) shares.
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 plaintiff seeks to get a hold of documents from EnCap Investments LP relating to its acquisition of oil assets in the Permian Basin. The plaintiff says he needs access to the records to determine if there was a possible breach of fiduciary duties.
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.
Contact:
Christopher Clausen
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 lawsuits, 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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