Susquehanna lowered the firm’s price target on Permian Resources to $16 from $18 and keeps a Neutral rating on the shares. The firm said strong 2Q production, EPS beats. 2Q production of 339 Mboe/d exceeded forecast by almost 5% due to operational efficiencies and adjusted diluted EPS of $0.39 beat the firm’s estimate by $0.02.
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