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Analysts Are Neutral on Top Energy Stocks: Permian Resources (PR), APA (APA)

Tipranks - Fri May 8, 10:36AM CDT

Analysts fell to the sidelines weighing in on Permian Resources (PR) and APA (APA) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Permian Resources (PR)

Roth MKM analyst Leo Mariani maintained a Hold rating on Permian Resources today and set a price target of $22.00. The company’s shares closed last Thursday at $20.24.

According to TipRanks.com, Mariani is a top 25 analyst with an average return of 36.8% and a 73.3% success rate. Mariani covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Prairie Operating Co. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Permian Resources with a $24.09 average price target, which is a 18.1% upside from current levels. In a report issued on April 27, Bank of America Securities also maintained a Hold rating on the stock with a $22.00 price target.

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APA (APA)

Truist Financial analyst Gabriel Daoud maintained a Hold rating on APA today. The company’s shares closed last Thursday at $36.10.

According to TipRanks.com, Daoud has 0 stars on 0-5 stars ranking scale with an average return of -11.9% and a 39.9% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

APA has an analyst consensus of Hold, with a price target consensus of $38.12, implying a 4.4% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Hold rating on the stock with a $36.00 price target.

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