Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, reiterated the Buy rating on Permian Resources (PR – Research Report). The associated price target remains the same with $20.00.
Gabriele Sorbara has given his Buy rating due to a combination of factors including the strong performance of Permian Resources in the fourth quarter of 2024 and an optimistic outlook for 2025. The company exceeded oil production estimates while maintaining capital expenditures and operating costs within expected ranges, showcasing its operational efficiency.
Furthermore, Permian Resources has demonstrated success in strategic acquisitions, adding significant acreage at a low cost, which supports its cost-effective structure. The attractive valuation and reliable dividend returns further reinforce the Buy rating, as these elements are expected to deliver competitive and stable shareholder returns. The company’s guidance for 2025 indicates improved capital efficiency and higher production levels, which are anticipated to drive stock performance positively.
Sorbara covers the Energy sector, focusing on stocks such as Comstock Resources, EQT, and Vital Energy. According to TipRanks, Sorbara has an average return of 18.4% and a 53.53% success rate on recommended stocks.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $21.00 price target.