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MarketBeat
MarketBeat
Peter Frank

Permian Resources Rally Faces a Test

Permian Permian Resources Oil

The oil patch is riding high these days, and Permian Resources (NYSE: PR) is right in the middle of it.

The Midland, Texas-based company recently turned in a blowout earnings report and has continued its rapid-fire acquisition campaign. The stock is up 62% this year, and analysts rate the company a Buy. The fundamentals of its business look strong.

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