J.P. Morgan Reaffirms Their Buy Rating on Permian Resources (PR)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Arun Jayaram reaffirmed a Buy rating on Permian Resources (PR) with a $28 price target, noting the stock closed at $21.45. This follows a recent Hold rating from Benchmark Co. and a Buy from Wells Fargo's Sam Margolin. Jayaram, who covers the Energy sector, has an 8.6% average return on recommendations.
In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on Permian Resources, with a price target of $28.00. The company’s shares closed yesterday at $21.45.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Jayaram covers the Energy sector, focusing on stocks such as Baker Hughes Company, Devon Energy, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 8.6% and a 60.25% success rate on recommended stocks.
In addition to J.P. Morgan, Permian Resources also received a Buy from Wells Fargo’s Sam Margolin in a report issued today. However, on August 6, Benchmark Co. assigned a Hold rating to Permian Resources (NYSE: PR).