Executive Appointment Announcement
Permian Resources Corporation has announced a new executive appointment, bringing in an industry veteran with over 20 years of experience in the upstream oil and gas sector.
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Citigroup Maintains Buy on Permian Resources, Raises Price Target to $28
Citigroup analyst Paul Diamond maintains Permian Resources (NYSE:PR) with a Buy and raises the price target from $24 to $28.
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Susquehanna Maintains Positive on Permian Resources, Raises Price Target to $30
Susquehanna analyst Biju Perincheril maintains Permian Resources (NYSE:PR) with a Positive and raises the price target from $25 to $30.
Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.
Morgan Stanley Maintains Overweight on Permian Resources, Raises Price Target to $27