Permian Resources (PR) Receives a Buy from RBC Capital
In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Permian Resources, with a price target of $27.00.
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According to TipRanks, Hanold is a top 100 analyst with an average return of 25.1% and a 72.46% success rate. Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT.
In addition to RBC Capital, Permian Resources also received a Buy from KeyBanc’s Tim Rezvan in a report issued on April 7. However, yesterday, Roth MKM downgraded Permian Resources (NYSE: PR) to a Hold.
Based on Permian Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $339.51 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $216.65 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PR in relation to earlier this year. Last month, Aron Marquez, a Director at PR sold 13,000.00 shares for a total of $254,720.00.
Read More on PR:
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- Permian Resources downgraded to Neutral from Buy at Roth Capital
- Permian Resources initiated with an Overweight at KeyBanc
- Permian Resources price target raised to $26 from $21 at Citi
- Permian Resources price target raised to $25 from $19 at Morgan Stanley
- Permian Resources: Truist Initiates Buy on Operational Outperformance, Cost Advantage, and Undervalued NAV Upside
