Energy Prospectus

TipRanks: In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on Permian Resources (PR), with a price target of $20.00. The company’s shares closed last Friday at $14.61.

According to TipRanks, Hanold is a top 25 analyst with an average return of 25.9% and a 63.62% success rate. Hanold covers the Energy sector, focusing on stocks such as Conocophillips, Northern Oil And Gas, and Permian Resources.

Permian Resources has an analyst consensus of Strong Buy, with a price target consensus of $20.17, a 38.06% upside from current levels. In a report released on August 9, Citi also maintained a Buy rating on the stock with a $18.00 price target. In a report released on August 8, Piper Sandler also maintained a Buy rating on the stock with a $23 price target.
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Today I will be finishing my review of our updated profiles on PR and Diamondback Energy (FANG). PR is the low cost operator in the Delaware Basin and FANG is the low cost operator in the Midland Basin.

Dan and Petroleum Economist, what are the top five take over targets in Permian basin? It would appear that PR would be on the list.

Cliff

PR is definitely a potential takeover target, but they are more of a Buyer than a seller at this point.

MTDR, SM and VTLE are definitely takeover targets. I'd like to see VTLE merge into SM since they are both Midland Basin companies. MTDR is a Delaware Basin company, so a potential target for PR.

I do believe that Vital is being "Built to Sell".

CIVI looks interesting to me.