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Analysts Are Bullish on These Energy Stocks: Permian Resources (PR), Kimbell Royalty Partners (KRP)

Tipranks - Fri May 8, 5:16PM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Permian Resources (PR) and Kimbell Royalty Partners (KRP) with bullish sentiments.

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Permian Resources (PR)

In a report released today, Neal Dingmann from William Blair maintained a Buy rating on Permian Resources. The company’s shares closed last Thursday at $20.08.

According to TipRanks.com, Dingmann is a 4-star analyst with an average return of 3.8% and a 49.3% success rate. Dingmann covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Riley Exploration Permian, and Kodiak Gas Services, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Permian Resources with a $24.09 average price target, a 18.1% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Buy rating on the stock with a $25.00 price target.

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Kimbell Royalty Partners (KRP)

In a report released today, Aaron Bilkoski from TD Cowen maintained a Buy rating on Kimbell Royalty Partners, with a price target of $23.00. The company’s shares closed last Thursday at $14.51.

According to TipRanks.com, Bilkoski is a 5-star analyst with an average return of 12.7% and a 56.4% success rate. Bilkoski covers the NA sector, focusing on stocks such as PrairieSky Royalty, Whitecap Resources, and Freehold Royalties. ;'>

Currently, the analyst consensus on Kimbell Royalty Partners is a Moderate Buy with an average price target of $17.80, which is a 25.4% upside from current levels. In a report issued on May 1, TipRanks – xAI also upgraded the stock to Buy with a $17.00 price target.

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