Raymond James raised the firm’s price target on Permian Resources (PR) to $23 from $20 and keeps a Strong Buy rating on the shares. Permian’s Q1 EBITDA beat Street estimates by 3%, driven by strong oil volumes, the analyst tells investors in a research note. The firm expects quarterly capital expenditures to peak in Q2 at about $510M before declining quarter over quarter in Q3 and Q4 to keep total production roughly flat during the second half of 2025.
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