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Permian Resources (PR) Stock Forecast & Price Target

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$16.15
+0.18 (+1.13%)
(As of 06/28/2024 08:56 PM ET)
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Permian Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 14 Analyst Ratings

Consensus Price Target

$20.31
25.74% Upside
High Forecast$24.00
Average Forecast$20.31
Low Forecast$17.00
TypeCurrent Forecast
7/2/23 to 7/1/24		1 Month Ago
6/2/23 to 6/1/24		3 Months Ago
4/3/23 to 4/2/24		1 Year Ago
7/2/22 to 7/2/23
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
Hold
1 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$20.31$19.38$18.18$14.08
Forecasted Upside25.74% Upside15.62% Upside17.96% Upside32.28% Upside

PR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Permian Resources Stock vs. The Competition

TypePermian ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
3.00
2.57
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside25.74% Upside420.17% Upside11.52% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/14/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Silverstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeNeutral ➝ Buy$20.00 ➝ $21.00+38.43%
6/14/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy$20.00+31.84%
5/8/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$20.00 ➝ $21.00+19.59%
4/23/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$17.00-0.64%
4/22/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$22.00 ➝ $23.00+33.33%
4/22/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$16.00 ➝ $18.00+5.39%
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4/19/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$22.00 ➝ $23.00+33.57%
4/17/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$18.00 ➝ $21.00+20.00%
4/12/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$17.00-5.82%
4/12/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$18.00 ➝ $20.00+10.25%
4/9/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageStrong-Buy$24.00+34.91%
3/22/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$18.00 ➝ $20.00+15.01%
3/1/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$17.00 ➝ $19.00+17.87%
9/18/2023Capital One Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		P. Johnston
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingOverweight
6/13/2023500.com
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
3/1/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$15.00+36.36%
3/1/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$15.00+38.76%
3/1/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$15.00+38.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:04 AM ET.

PR Forecast - Frequently Asked Questions

What is Permian Resources's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Permian Resources is $20.31, with a high forecast of $24.00 and a low forecast of $17.00. The consensus rating for Permian Resources stock is Buy based on the current 1 hold rating, 12 buy ratings and 1 strong buy rating for PR. Learn more on PR's analyst rating history.

Do Wall Street analysts like Permian Resources more than its competitors?

Analysts like Permian Resources more than other "oils/energy" companies. The consensus rating for Permian Resources is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PR compares to other companies.

Is Permian Resources being upgraded by Wall Street analysts?

Over the previous 90 days, Permian Resources's stock had 1 upgrade by analysts.

Does Permian Resources's stock price have much upside?

According to analysts, Permian Resources's stock has a predicted upside of 19.16% based on their 12-month stock forecasts.

What analysts cover Permian Resources?

Permian Resources has been rated by research analysts at Bank of America, Benchmark, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:PR) was last updated on 7/1/2024 by MarketBeat.com Staff

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