RBC Capital raised the firm’s price target on Permian Resources (PR) to $17 from $16 and keeps an Outperform rating on the shares. The company’s success is reflected by its improving operational efficiencies and accretive consolidation, the analyst tells investors in a research note. Permian’s activity also remains “steady-as-she-goes” despite oil price weakness relative to the original budgeted levels, the firm adds.
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