Permian Resources Corp (PR) saw its stock soar 5.28% in pre-market trading on Thursday, following positive analyst ratings from two prominent firms. The surge comes as investors react to the bullish outlook on the energy company's prospects.

Scotiabank analyst Paul Cheng reiterated a Buy rating on Permian Resources and set a price target of $21.00. Similarly, Roth MKM analyst Leo Mariani maintained a Buy rating on the stock with a price target of $15.00. These optimistic assessments from industry experts appear to have boosted investor confidence in the company's future performance.

The energy sector has been experiencing volatility due to fluctuating oil prices and global economic uncertainties. However, Permian Resources' strong showing suggests that investors are betting on the company's ability to navigate these challenges successfully. As the market continues to digest these positive analyst reports, it remains to be seen if Permian Resources can maintain this upward momentum throughout the trading session.