Goldman Sachs analyst Neil Mehta raised the firm’s price target on Permian Resources (PR) to $18 from $17 and keeps a Buy rating on the shares. The company reported strong free cash flow in Q3, driven by production outperformance relative to guidance, lower controllable cash costs, and lower leading-edge D&C cost per foot that was driven by incremental operational efficiencies, the analyst tells investors in a research note.
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