Permian Resources (PR) Gets a Buy from Siebert Williams Shank & Co
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Permian Resources on December 26 and set a price target of $19.00. The company’s shares closed last Friday at $13.75.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 16.5% and a 55.21% success rate. Sorbara covers the Energy sector, focusing on stocks such as SM Energy, Infinity Natural Resources, Inc. Class A, and Civitas Resources.
Currently, the analyst consensus on Permian Resources is a Strong Buy with an average price target of $18.33, implying a 33.31% upside from current levels. In a report released on December 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $16.00 price target.
Based on Permian Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.32 billion and a net profit of $59.23 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $386.38 million
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