Benchmark Research raised its Permian Resources Corp. price target to $16 from $14 Tuesday following the oil and natural gas company’s deal to acquire...
Benchmark Research raised its Permian Resources Corp. PR, +2.25% price target to $16 from $14 Tuesday following the oil and natural gas company’s deal to acquire Earthstone Energy Inc.
in an all-stock transaction valued at approximately $4.5 billion. Earthstone Energy is an excellent acquisition for Permian Resources, according to Benchmark Research analyst Subash Chandra. “From roots in the Southern Midland, ESTE has morphed into a pan-Permian operator through 8 acquisitions since 2020,” Chandra wrote, in a note. “The company has built scale, inventory and FCF potential without busting opex, capex or volumes expectations in any quarter.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Permian Resources to acquire Earthstone Energy in $4.5 billion all-stock dealPermian Resources Corp. plans to acquire Earthstone Energy Inc. in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s...
Consulte Mais informação »
Permian Resources agrees to buy peer Earthstone Energy in $4.5 billion deal By Investing.comPermian Resources agrees to buy peer Earthstone Energy in $4.5 billion deal
Consulte Mais informação »
Permian Resources to buy Earthstone in $4.5 bln dealPermian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt, boosting the shale producer's presence in the Delaware Basin.
Consulte Mais informação »
Permian Resources, led by University Park ‘shalennials,’ makes a $4.5 billion dealIt’s the latest deal for Will Hickey and James Walter, the co-chief executive officers of Midland-based Permian Resources who have built up the company into a...
Consulte Mais informação »
Permian Resources building scale with $4.5 billion Earthstone Energy deal, analysts sayPermian Resources has announced plans to acquire Earthstone Energy in an all-stock transaction.
Consulte Mais informação »
Permian Resources to Buy Earthstone Energy in $4.5 Billion Deal. There’s More to It.Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.
Consulte Mais informação »