Permian Resources (NYSE:PR) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target on Permian Resources (NYSE: PR) from $21 to $26 and kept a "buy" rating, implying roughly a 22% upside from the prior close.
• Multiple analysts have boosted targets recently (e.g., Piper Sandler to $27, Goldman Sachs to $22, Truist to $24), and the consensus rating is "Buy" with a mean price target of $21.43 (4 Strong Buy, 12 Buy, 2 Hold).
• Recent results were mixed: Permian beat EPS estimates ($0.37 vs. $0.28) but missed revenue expectations ($1.17B vs. $1.32B, down 9.8% YoY), while insiders sold about 5.34M shares (~$89M) and institutional ownership is ~91.8%.

Permian Resources (NYSE:PR - Get Free Report) had its price objective increased by stock analysts at Citigroup from $21.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 22.01% from the company's previous close.

PR has been the subject of a number of other research reports. Piper Sandler increased their target price on shares of Permian Resources from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. The Goldman Sachs Group boosted their price target on shares of Permian Resources from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Raymond James Financial reiterated a "strong-buy" rating and issued a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th. Royal Bank Of Canada raised their price objective on shares of Permian Resources from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, Truist Financial began coverage on Permian Resources in a report on Tuesday, March 24th. They set a "buy" rating and a $24.00 target price on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $21.43.

Permian Resources Stock Performance

Shares of NYSE PR traded down $0.18 during midday trading on Tuesday, hitting $21.31. 15,578,062 shares of the company's stock were exchanged, compared to its average volume of 12,987,164. Permian Resources has a twelve month low of $10.01 and a twelve month high of $21.99. The firm has a market cap of $17.82 billion, a P/E ratio of 17.05, a PEG ratio of 3.42 and a beta of 0.66. The stock's 50 day moving average price is $17.88 and its 200-day moving average price is $15.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Permian Resources (NYSE:PR - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts anticipate that Permian Resources will post 1.45 EPS for the current year.

Insider Buying and Selling at Permian Resources

In other Permian Resources news, Director Jeffrey Tepper sold 50,000 shares of the business's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $19.38, for a total transaction of $969,000.00. Following the sale, the director owned 150,546 shares in the company, valued at approximately $2,917,581.48. The trade was a 24.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aron Marquez sold 7,750 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $19.62, for a total transaction of $152,055.00. Following the completion of the transaction, the director owned 72,218 shares of the company's stock, valued at approximately $1,416,917.16. The trade was a 9.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,340,522 shares of company stock worth $89,069,383. 12.80% of the stock is owned by insiders.

Institutional Trading of Permian Resources

Large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in shares of Permian Resources during the fourth quarter valued at $774,000. Rockefeller Capital Management L.P. grew its stake in Permian Resources by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,063 shares of the company's stock valued at $338,000 after acquiring an additional 1,498 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Permian Resources by 80.0% in the 4th quarter. Corient Private Wealth LLC now owns 80,764 shares of the company's stock valued at $1,133,000 after purchasing an additional 35,905 shares during the period. SHP Wealth Management purchased a new stake in shares of Permian Resources in the fourth quarter worth approximately $27,000. Finally, Fearnley Asset Management AS acquired a new stake in shares of Permian Resources during the fourth quarter worth approximately $7,175,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Permian Resources News Roundup

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Permian’s jump after securing investment‑grade credit ratings remains a major bullish catalyst — the upgrade lifted investor confidence and helped an earlier rally. Why Permian Resources (PR) Is Up 8.7% After Securing Investment-Grade Credit Ratings And What's Next
• Positive Sentiment: Market commentators continue to highlight PR as a momentum name — multiple Zacks pieces flag PR as a strong momentum / Strong Buy pick, which supports further retail and quant flows. Here's Why Permian Resources (PR) is a Strong Momentum Stock
• Positive Sentiment: Zacks also notes upward earnings‑estimate revisions for PR, indicating analysts are trimming numbers higher — that fundamental revision path can sustain momentum if oil prices and volumes hold. Can Permian Resources (PR) Run Higher on Rising Earnings Estimates?
• Positive Sentiment: Financial press continues to single out PR (e.g., Yahoo’s “Bull of the Day”), which can attract short‑term momentum buying and visibility among retail investors. Bull of the Day: Permian Resources (PR)
• Positive Sentiment: Macro/commodity drivers — a Zacks note flags Strait of Hormuz disruption and higher WTI as supportive for upstream players like PR, which could lift revenues if sustained. Go Oil-Heavy as Strait of Hormuz Disruption Drives Opportunity
• Neutral Sentiment: Zacks added PR to its Rank #1 / momentum lists (March 30), which raises attention but doesn’t guarantee sustained gains — flows can reverse quickly on profit‑taking. Best Momentum Stocks to Buy for March 30th
• Negative Sentiment: Offsets to the bullish headlines: the company’s most recent quarter showed revenue below Street expectations and year‑over‑year revenue decline — fundamentals that can cap upside and encourage short‑term profit‑taking after the recent spike. (Background earnings release)

About Permian Resources

Permian Resources NYSE: PR is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.

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