Permian Resources (NASDAQ:PR) Stock Rating Upgraded by JPMorgan Chase & Co.

Permian Resources (NASDAQ:PRGet Rating) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $12.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 54.04% from the stock’s current price.

Permian Resources Price Performance

Shares of NASDAQ:PR opened at $7.79 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.22 billion, a P/E ratio of 6.09 and a beta of 4.75. Permian Resources has a fifty-two week low of $5.08 and a fifty-two week high of $9.70.

Permian Resources Company Profile

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Permian Resources Corp. operates as an oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded on October 6, 2014 and is headquartered in Denver, CO.

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