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Permian Resources (PR) Stock Forecast & Price Target

$16.09
-0.16 (-0.98%)
(As of 07/19/2024 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

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

$20.57
27.85% Upside
High Forecast$24.00
Average Forecast$20.57
Low Forecast$17.00

According to the 16 analysts' twelve-month price targets for Permian Resources, the average price target is $20.57. The highest price target for PR is $24.00, while the lowest price target for PR is $17.00. The average price target represents a forecasted upside of 27.85% from the current price of $16.09.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Buy
Moderate Buy
Moderate Buy
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)
12 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
Hold
2 Hold rating(s)
1 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$20.57$20.31$19.08$14.15
Forecasted Upside27.85% Upside19.16% Upside14.88% Upside31.56% Upside
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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.
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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
2.94
2.57
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside27.85% Upside344.34% Upside10.03% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Wolfe Research
3 of 5 stars
J. Abbott
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Initiated CoveragePeer Perform
7/11/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$20.00 ➝ $20.00+21.88%
7/3/2024BMO Capital Markets
3 of 5 stars
P. Jungwirth
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UpgradeMarket Perform ➝ Outperform$21.00 ➝ $21.00+28.68%
6/14/2024UBS Group
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J. Silverstein
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UpgradeNeutral ➝ Buy$20.00 ➝ $21.00+38.43%
6/14/2024Bank of America
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 Reiterated RatingBuy$20.00+31.84%
5/8/2024Mizuho
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 Boost TargetBuy ➝ Buy$20.00 ➝ $21.00+19.59%
4/23/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$17.00-0.64%
4/22/2024Truist Financial
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 Boost TargetBuy ➝ Buy$22.00 ➝ $23.00+33.33%
4/22/2024Susquehanna
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 Boost TargetNeutral ➝ Neutral$16.00 ➝ $18.00+5.39%
4/19/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$22.00 ➝ $23.00+33.57%
4/17/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$18.00 ➝ $21.00+20.00%
4/12/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$18.00 ➝ $20.00+10.25%
4/9/2024Raymond James
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 Initiated CoverageStrong-Buy$24.00+34.91%
3/22/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$18.00 ➝ $20.00+15.01%
3/1/2024Citigroup
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 Boost TargetBuy ➝ Buy$17.00 ➝ $19.00+17.87%
9/18/2023Capital One Financial
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P. Johnston
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Reiterated RatingOverweight
6/13/2023500.com
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 Reiterated RatingMaintains
3/1/2023TD Cowen
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 UpgradeMarket Perform ➝ Outperform$15.00+36.36%
3/1/2023Cowen
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 UpgradeMarket Perform ➝ Outperform$15.00+38.76%
3/1/2023Cowen
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 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 Saturday at 05:01 PM ET.

PR Forecast - Frequently Asked Questions

What is Permian Resources' forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Permian Resources is $20.57, with a high forecast of $24.00 and a low forecast of $17.00.

Should I buy or sell Permian Resources stock right now?

16 Wall Street research 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 research analysts is that investors should "moderate buy" PR shares.

Does Permian Resources's stock price have much upside?

According to analysts, Permian Resources's stock has a predicted upside of 21.92% based on their 12-month stock forecasts.

Has Permian Resources been upgraded by Wall Street analysts recently?

Over the previous 90 days, Permian Resources's stock had 2 upgrades by analysts.

What analysts cover Permian Resources?

Permian Resources has been rated by research analysts at Bank of America, Benchmark, BMO Capital Markets, Mizuho, Royal Bank of Canada, Susquehanna, Truist Financial, UBS Group, and Wolfe Research in the past 90 days.

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

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 2.57. Learn more on how PR compares to other companies.


This page (NASDAQ:PR) was last updated on 7/20/2024 by MarketBeat.com Staff

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