Permian Resources (PR) Stock Forecast & Price Target

$15.45 +0.32 (+2.12%)

(As of 11/20/2024 ET)

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

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
2

Buy
14

Based on 16 Wall Street analysts who have issued ratings for Permian Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for PR.

Consensus Price Target

$18.93
22.55% Upside

According to the 16 analysts' twelve-month price targets for Permian Resources, the average price target is $18.93. The highest price target for PR is $24.00, while the lowest price target for PR is $14.00. The average price target represents a forecasted upside of 22.55% from the current price of $15.45.

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PR Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$18.93	$18.73	$20.00	$16.31
Forecasted Upside	22.55% Upside	34.19% Upside	37.65% Upside	24.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Permian Resources Stock vs. The Competition

Type	Permian Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.94	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.55% Upside	1,430.08% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent PR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$20.00 ➝ $21.00	+39.35%
11/8/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$18.00 ➝ $20.00	+33.87%
10/16/2024	Benchmark 2 of 5 stars		Lower Target	Buy ➝ Buy	$17.00 ➝ $14.00	+1.38%
10/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$17.00 ➝ $17.00	+19.13%
10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$22.00 ➝ $21.00	+52.39%
9/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Mehta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$19.00	+40.64%
Get the Latest News and Ratings for PR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Permian Resources and its competitors with MarketBeat's FREE daily newsletter.
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Silverstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$19.00 ➝ $18.00	+29.96%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$22.00 ➝ $19.00	+38.79%
9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$20.00 ➝ $17.00	+28.59%
9/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$16.00 ➝ $15.00	+8.07%
8/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$20.00 ➝ $18.00	+23.20%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Abbott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/3/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$21.00 ➝ $21.00	+28.68%
6/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$20.00	+31.84%
4/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Strong-Buy	$24.00	+34.91%
3/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$18.00 ➝ $20.00	+15.01%
9/18/2023	Capital 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 Rating	Overweight
6/13/2023	500.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/1/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$15.00	+36.36%
3/1/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$15.00	+38.76%
3/1/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market 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 Thursday at 03:55 AM ET.

PR Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Permian Resources is $18.93, with a high forecast of $24.00 and a low forecast of $14.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PR shares.
: According to analysts, Permian Resources's stock has a predicted upside of 22.55% based on their 12-month stock forecasts.
: Permian Resources has been rated by research analysts at Benchmark, JPMorgan Chase & Co., Mizuho, Piper Sandler, Royal Bank of Canada, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Permian Resources more than other "oils/energy" companies. The consensus rating score for Permian Resources is 2.94 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how PR compares to other companies.

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This page (NYSE:PR) was last updated on 11/21/2024 by MarketBeat.com Staff

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Permian Resources (PR) Stock Forecast & Price Target