Analysts Are Bullish on These Energy Stocks: Permian Resources (PR), Coterra Energy (CTRA)

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Permian Resources (PR – Research Report) and Coterra Energy (CTRA – Research Report) with bullish sentiments.

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Permian Resources (PR)

In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on Permian Resources, with a price target of $14.00. The company’s shares closed last Wednesday at $14.09.

According to TipRanks.com, Chandra is a 4-star analyst with an average return of 6.9% and a 43.5% success rate. Chandra covers the NA sector, focusing on stocks such as Magnolia Oil & Gas, Matador Resources, and Antero Resources.

Currently, the analyst consensus on Permian Resources is a Strong Buy with an average price target of $19.19, a 41.4% upside from current levels. In a report issued on March 5, Susquehanna also upgraded the stock to Buy with a $20.00 price target.

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Coterra Energy (CTRA)

Wells Fargo analyst Roger Read maintained a Buy rating on Coterra Energy on March 18 and set a price target of $35.00. The company’s shares closed last Wednesday at $29.23, close to its 52-week high of $29.95.

According to TipRanks.com, Read is a 4-star analyst with an average return of 4.0% and a 53.9% success rate. Read covers the NA sector, focusing on stocks such as Calumet Specialty Products, Liberty Oilfield Services, and HF Sinclair Corporation.

Currently, the analyst consensus on Coterra Energy is a Strong Buy with an average price target of $35.15, representing a 22.3% upside. In a report issued on March 12, Johnson Rice also upgraded the stock to Buy with a $37.00 price target.

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