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Stock impact report

Permian Resources (PR) Fell This Week. Here is Why. [Yahoo! Finance]

Permian Resources Corporation Class A (PR) 
Company Research Source: Yahoo! Finance
Permian Resources (PR) Fell This Week. Here is Why. Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin. Permian Resources Corporation (NYSE:PR) witnessed a downturn this week, possibly due to a decline in global oil prices. The WTI crude oil price recently fell by almost 8% to a 4-month low as the rising output from OPEC+ and a potential US government shutdown continued to weigh on the market, offsetting short-term geopolitical tensions. On a more positive note, Scotiabank analyst Paul Cheng recently initiated coverage of Permian Resources Corporation (NYSE:PR) with an ‘Outperform' rating and a price target of $21. According to the analyst, the energy company is positioned for greater free cash flow growth and has a deeper inventory relative to peers. Moreover, as of the writing of this piece, Permian Resources Corporation (NYSE:PR) boast Show less Read more
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