Susquehanna analyst Biju Perincheril raised the firm’s price target on Permian Resources (PR) to $14 from $11 and keeps a Neutral rating on the shares. The firm noted they announced a $4.5B acquisition of Earthstone Energy (ESTE) in an all-stock transaction. The deal increases Permian’s production profile by roughly 80% and is accretive across all metrics.
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