TD Cowen raised the firm’s price target on Permian Resources (PR) to $17 from $13 and keeps an Outperform rating on the shares. The firm updated their model to incorporate the pending Earthstone Energy (ESTE) merger expected to close by year-end 2023.
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Read More on PR:
- Permian Resources price target raised to $19 from $18 at Truist
- Permian Resources 21.45M share Spot Secondary priced at $13.05
- Permian Resources 20.3M share Spot Secondary; price range $13.00-$13.43
- Permian announces offering of 20.3M shares of Class A common stock for holders
- Permian Resources CAO Jensen sells 171,817 class A shares
