Earthstone Energy (ESTE) Stock

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Permian Resources Corp.'s planned $4.5 billion acquisition of Earthstone Energy Inc. will bring scale to the Midland, Texas-based oil and natural-gas company, analysts say.

Earthstone Energy Inc (NYSE: ESTE) popped up more than 15% up on Monday after Permian Resources Corp (NYSE: PR) revealed plans of buying the oil and gas company for $4.5 billion. Why is Permian Resources buying Earthstone Energy?

Earthstone Energy (NYSE: ESTE ) stock is rallying on Monday after the oil and gas company reached a $4.5 billion deal with Permian Resources (NYSE: PR ). This agreement has Permian Resources agreeing to acquire Earthstone Energy in an all-stock transaction.

Earthstone Energy (NYSE:ESTE) stock jumped after news of its premium-priced, US$4.5 billion takeover by US shale peer Permian Resources (NYSE:PR). The paper deal, pitched at US$18.64 per Earthstone share, aims to create a new ‘premier Delaware basin independent E&P company' producing around 300,000 barrels oil equivalent per day.

Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.

Permian Resources Corp. PR, +2.71% plans to acquire Earthstone Energy Inc. ESTE, +3.44% in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone's net debt, the companies announced Monday. Oil and natural gas company Permian Resources said that the deal boosts its exploration and production position in the Delaware basin.

Citi (C) is considering a structure overall that would split its Institutional Clients Group into three separate business segments, according to a report from the Financial Times. The proposed move would split the Institutional Clients Group into investment and corporate baking, global markets, and transaction services.