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Permian Resources Corp has a consensus price target of $18.28 based on the ratings of 19 analysts. The high is $24 issued by Raymond James on April 9, 2024. The low is $14 issued by Benchmark on October 16, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Truist Securities, and Benchmark on November 18, 2024, November 8, 2024, and October 16, 2024, respectively. With an average price target of $18.33 between Piper Sandler, Truist Securities, and Benchmark, there's an implied 17.75% upside for Permian Resources Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Permian Resources (NYSE:PR) was reported by Piper Sandler on November 18, 2024. The analyst firm set a price target for $21.00 expecting PR to rise to within 12 months (a possible 34.87% upside). 53 analyst firms have reported ratings in the last year.
The latest analyst rating for Permian Resources (NYSE:PR) was provided by Piper Sandler, and Permian Resources maintained their overweight rating.
The last upgrade for Permian Resources Corp happened on July 3, 2024 when BMO Capital raised their price target to $21. BMO Capital previously had a market perform for Permian Resources Corp.
There is no last downgrade for Permian Resources.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Permian Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Permian Resources was filed on November 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.
While ratings are subjective and will change, the latest Permian Resources (PR) rating was a maintained with a price target of $20.00 to $21.00. The current price Permian Resources (PR) is trading at is $15.57, which is out of the analyst’s predicted range.
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