Truist raised the firm’s price target on Permian Resources to $24 from $23 and keeps a Buy rating on the shares. The company continues to impress with operational performance that rivals its much larger cap peers, the analyst tells investors in a research note. Several drivers continue to contribute to the upside, including ample tier one inventory that includes efficiently integrated Earthstone assets, leading D&C results, and notably low cash costs, the firm added.
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