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Stock impact report

Permian Resources Corp (PR): What Does This Low-Cost Producer Have to Offer? [Yahoo! Finance]

Permian Resources Corporation Class A (PR) 
Company Research Source: Yahoo! Finance
Permian Resources Corp (NYSE:PR) stock with a Buy rating and a price target of $24. According to the equity research firm, Permian Resources is one of only two oil and gas companies considered Delaware Basin pure-plays. Permian Resources Corp (PR): What Does This Low-Cost Producer Have to Offer? The firm further noted that Permian Resources is one of the lowest-cost producers. Moreover, Truist pointed to Permian Resources' strong execution over the past several years as a factor for its bullish view on the stock. Truist expects Permian Resources to continue making strategic mergers and acquisitions that can leverage its low-cost structure. On March 17, Permian Resources announced that it had achieved investment grade credit ratings at both S&P Global Ratings and Fitch Ratings. The company expects the favorable credit rating at both firms to help reduce its interest expense and improve its liquidity. Permian Resources further said the investment grade status enhances its ability Show less Read more
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