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This Oil And Gas Company Has ‘Top-Tier Cost Structure, Strong Operational Performance’: Analyst

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Shares of Permian Resources Corp (NYSE:PR) were climbing in early trading on Wednesday.

The company’s increased Delaware footprint and strong M&A track record should support continued organic and inorganic growth, according to BMO Capital Markets.

The Permian Resources Analyst: Phillip Jungwirth upgraded the rating for Permian Resources from Market Perform to Outperform, while keeping the price target unchanged at $21.

The Permian Resources Thesis: The company …

Full story available on Benzinga.com

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