Goldman says this under-the-radar energy stock has 40% upside

Goldman Sachs analyst Neil Mehta initiated coverage on Permian Resources with a buy rating and $19 price target, citing 40.6% upside potential. The company, focused on oil and gas production in the Permian Basin, stands out for its strong execution track record, cost improvement potential, and local relationships. Mehta set an 11% free cash flow yield target, highlighting Permian Resources’ premium position in the Delaware Basin with superior well performance and inventory quality compared to peers.

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