Earthstone Energy, Inc. (NYSE: ESTE) inked a deal to acquire Novo Oil & Gas Holdings, LLC, a privately-held Delaware Basin-focused E&P company, for $1.5 billion.
U.S. stocks traded higher this morning, with Dow Jones gaining around 180 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.53% to 34,159.59 while the NASDAQ rose 0.18% to 13,651.09. The S&P 500, also rose, gaining, 0.35% to 4,387.88.
Earthstone Energy (NYSE:ESTE) reported quarterly earnings of $1.04 per share which missed the analyst consensus estimate of $1.05 by 0.95 percent. This is a 126.09 percent increase over earnings of $0.46 per share from
Companies Reporting Before The Bell
• Daktronics (NASDAQ:DAKT) is expected to report quarterly earnings at $0.00 per share on revenue of $164.68 million.