This Oil And Gas Company Has 'Top-Tier Cost Structure, Strong Operational Performance': Analyst
Portfolio Pulse from Priya Nigam
Permian Resources Corp (NYSE:PR) received an upgrade from BMO Capital Markets due to its top-tier cost structure and strong operational performance. Analyst Phillip Jungwirth upgraded the stock from Market Perform to Outperform, citing the company's large-scale and low-cost footprint in the Delaware Basin, impressive M&A track record, and potential for continued growth.
July 03, 2024 | 4:50 pm
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Permian Resources Corp (NYSE:PR) has been upgraded from Market Perform to Outperform by BMO Capital Markets. The analyst highlighted the company's large-scale and low-cost footprint in the Delaware Basin, strong M&A track record, and potential for continued growth.
The upgrade from Market Perform to Outperform by a reputable analyst is a strong positive signal for investors. The company's large-scale and low-cost footprint, along with its strong M&A track record, supports the potential for continued growth. This is likely to drive short-term positive price action.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100