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Permian Resources - PR Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $18.87
  • Forecasted Upside: 38.73%
  • Number of Analysts: 16
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 13 Buy Ratings
  • 1 Strong Buy Ratings
$13.60 As of 12/20/2024 06:31 PM ET
▲ +0.08 (0.59%)

This chart shows the closing price for PR by one month, three months, or twelve months.

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Analyst Price Target for PR

Analyst Price Target is $18.87
▲ +38.73% Upside Potential
This price target is based on 16 analysts offering 12 month price targets for Permian Resources in the last 3 months. The average price target is $18.87, with a high forecast of $24.00 and a low forecast of $14.00. The average price target represents a 38.73% upside from the last price of $13.60.

This chart shows the closing price for PR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 16 investment analysts is to moderate buy stock in Permian Resources. This rating has held steady since June 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 9 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 1 strong buy ratings
  • 12 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 1 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 1 strong buy ratings
  • 13 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 1 strong buy ratings
  • 13 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 1 strong buy ratings
  • 13 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/17/2024Piper SandlerLower TargetOverweight ➝ Overweight$21.00 ➝ $20.00
11/18/2024Piper SandlerBoost TargetOverweight ➝ Overweight$20.00 ➝ $21.00
11/8/2024Truist FinancialBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
10/16/2024BenchmarkLower TargetBuy ➝ Buy$17.00 ➝ $14.00
10/15/2024Piper SandlerLower TargetOverweight ➝ Overweight$21.00 ➝ $20.00
10/14/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$17.00 ➝ $17.00
10/1/2024Wells Fargo & CompanyLower TargetOverweight ➝ Overweight$22.00 ➝ $21.00
9/30/2024Truist FinancialLower TargetBuy ➝ Buy$22.00 ➝ $18.00
9/30/2024The Goldman Sachs GroupInitiated CoverageBuy$19.00
9/18/2024UBS GroupLower TargetBuy ➝ Buy$19.00 ➝ $18.00
9/16/2024MizuhoLower TargetOutperform ➝ Outperform$22.00 ➝ $19.00
9/12/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$20.00 ➝ $17.00
9/4/2024SusquehannaLower TargetNeutral ➝ Neutral$16.00 ➝ $15.00
8/15/2024Piper SandlerLower TargetOverweight ➝ Overweight$23.00 ➝ $21.00
8/12/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$20.00 ➝ $20.00
8/9/2024CitigroupLower TargetBuy ➝ Buy$20.00 ➝ $18.00
8/9/2024UBS GroupLower TargetBuy ➝ Buy$21.00 ➝ $19.00
8/8/2024SusquehannaLower TargetNeutral ➝ Neutral$18.00 ➝ $16.00
8/7/2024BenchmarkReiterated RatingBuy ➝ Buy$17.00 ➝ $17.00
7/30/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$20.00 ➝ $20.00
7/30/2024Truist FinancialBoost TargetBuy ➝ Buy$21.00 ➝ $22.00
7/22/2024Truist FinancialLower TargetBuy ➝ Buy$24.00 ➝ $21.00
7/18/2024Wolfe ResearchInitiated CoveragePeer Perform
7/11/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$20.00 ➝ $20.00
7/3/2024BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$21.00 ➝ $21.00
6/14/2024UBS GroupUpgradeNeutral ➝ Buy$20.00 ➝ $21.00
6/14/2024Bank of AmericaReiterated RatingBuy$20.00
5/8/2024MizuhoBoost TargetBuy ➝ Buy$20.00 ➝ $21.00
4/23/2024BenchmarkReiterated RatingBuy ➝ Buy$17.00
4/22/2024Truist FinancialBoost TargetBuy ➝ Buy$22.00 ➝ $23.00
4/22/2024SusquehannaBoost TargetNeutral ➝ Neutral$16.00 ➝ $18.00
4/19/2024Piper SandlerBoost TargetOverweight ➝ Overweight$22.00 ➝ $23.00
4/17/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$18.00 ➝ $21.00
4/15/2024MizuhoBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
4/12/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$17.00
4/12/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$18.00 ➝ $20.00
4/9/2024Raymond JamesInitiated CoverageStrong-Buy$24.00
4/5/2024Truist FinancialLower TargetBuy ➝ Buy$24.00 ➝ $22.00
3/22/2024Stifel NicolausBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
3/7/2024MizuhoBoost TargetBuy ➝ Buy$16.00 ➝ $18.00
3/7/2024Piper SandlerBoost TargetOverweight ➝ Overweight$17.00 ➝ $22.00
3/5/2024BenchmarkBoost TargetBuy ➝ Buy$16.00 ➝ $17.00
3/5/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$17.00
3/5/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$17.00 ➝ $18.00
3/1/2024CitigroupBoost TargetBuy ➝ Buy$17.00 ➝ $19.00
3/1/2024Truist FinancialBoost TargetBuy ➝ Buy$23.00 ➝ $24.00
2/29/2024SusquehannaBoost TargetNeutral ➝ Neutral$15.00 ➝ $16.00
1/31/2024Truist FinancialBoost TargetBuy ➝ Buy$22.00 ➝ $23.00
1/24/2024Piper SandlerLower TargetOverweight ➝ Overweight$19.00 ➝ $17.00
1/23/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$17.00
1/5/2024Bank of AmericaInitiated CoverageNeutral$15.00
12/14/2023UBS GroupLower TargetNeutral ➝ Neutral$15.00 ➝ $14.00
11/30/2023Stifel NicolausLower TargetBuy ➝ Buy$20.00 ➝ $18.00
11/15/2023Wells Fargo & CompanyInitiated CoverageOverweight$17.00
11/9/2023SusquehannaLower TargetNeutral ➝ Neutral$16.00 ➝ $15.00
10/18/2023BenchmarkBoost TargetBuy ➝ Buy$14.00 ➝ $16.00
10/18/2023SusquehannaBoost TargetNeutral ➝ Neutral$14.00 ➝ $16.00
10/16/2023CitigroupBoost TargetBuy ➝ Buy$16.00 ➝ $17.00
10/4/2023UBS GroupBoost TargetNeutral ➝ Neutral$15.00 ➝ $16.00
9/21/2023Truist FinancialBoost TargetBuy ➝ Buy$18.00 ➝ $19.00
9/18/2023Capital One FinancialReiterated RatingOverweight
9/5/2023Stifel NicolausBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
8/29/2023CitigroupBoost TargetBuy ➝ Buy$14.00 ➝ $16.00
8/25/2023Stifel NicolausBoost TargetBuy ➝ Buy$15.00 ➝ $18.00
8/22/2023Truist FinancialBoost TargetBuy ➝ Buy$16.00 ➝ $18.00
8/22/2023SusquehannaBoost TargetNeutral ➝ Neutral$11.00 ➝ $14.00
8/22/2023MizuhoBoost TargetBuy ➝ Buy$16.00 ➝ $17.00
8/18/2023Stifel NicolausBoost TargetBuy ➝ Buy$14.00 ➝ $15.00
8/17/2023UBS GroupBoost TargetNeutral ➝ Neutral$12.00 ➝ $13.00
8/16/2023MizuhoUpgradeNeutral ➝ Buy$13.00 ➝ $16.00
7/24/2023Truist FinancialLower Target$19.00 ➝ $16.00
7/14/2023CitigroupBoost TargetBuy$12.00 ➝ $14.00
7/12/2023BenchmarkInitiated CoverageBuy$14.00
6/26/2023Truist FinancialBoost Target$18.00 ➝ $19.00
6/13/2023500.comReiterated RatingMaintains
6/13/2023Piper SandlerLower Target$16.00 ➝ $15.00
5/10/2023SusquehannaLower Target$12.00 ➝ $11.00
4/19/2023UBS GroupInitiated CoverageNeutral$13.00
4/13/2023Stifel NicolausBoost TargetBuy$13.00 ➝ $14.00
4/11/2023Truist FinancialBoost TargetBuy$16.00 ➝ $17.00
3/10/2023MizuhoBoost Target$12.00 ➝ $13.00
3/7/2023Piper SandlerBoost TargetOverweight$14.00 ➝ $16.00
3/1/2023CitigroupBoost TargetBuy$12.00 ➝ $13.00
3/1/2023TD CowenUpgradeMarket Perform ➝ Outperform$15.00
3/1/2023TD CowenUpgradeMarket Perform ➝ Outperform$15.00
3/1/2023CowenUpgradeMarket Perform ➝ Outperform$15.00
3/1/2023CowenUpgradeMarket Perform ➝ Outperform$15.00
2/27/2023SusquehannaBoost TargetNeutral$11.00 ➝ $12.00
2/1/2023Truist FinancialBoost TargetBuy$13.00 ➝ $15.00
1/9/2023MizuhoInitiated CoverageNeutral$13.00
12/2/2022Truist FinancialBoost TargetBuy$14.00 ➝ $15.00
12/1/2022Piper SandlerLower Target$15.00 ➝ $14.00
11/17/2022Piper SandlerBoost TargetOverweight$12.00 ➝ $15.00
10/26/2022CitigroupInitiated CoverageBuy ➝ Buy$12.00
10/20/2022JPMorgan Chase & Co.Lower TargetOverweight$12.00 ➝ $11.00
10/18/2022Piper SandlerBoost TargetOverweight$11.00 ➝ $12.00
9/15/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$12.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.44 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 28 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
5/24/2024
  • 19 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 23 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 25 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 22 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 25 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 25 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024
  • 49 very positive mentions
  • 4 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2024

Current Sentiment

  • 49 very positive mentions
  • 4 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Permian Resources logo
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
Read More

Today's Range

Now: $13.60
Low: $13.35
High: $13.77

50 Day Range

MA: $14.60
Low: $13.42
High: $16.21

52 Week Range

Now: $13.60
Low: $12.59
High: $18.28

Volume

14,024,569 shs

Average Volume

9,871,939 shs

Market Capitalization

$10.93 billion

P/E Ratio

8.24

Dividend Yield

4.09%

Beta

4.35

Frequently Asked Questions

What sell-side analysts currently cover shares of Permian Resources?

The following sell-side analysts have issued reports on Permian Resources in the last twelve months: Bank of America Co., Benchmark Co., BMO Capital Markets, Citigroup Inc., JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Inc., Truist Financial Co., UBS Group AG, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for PR.

What is the current price target for Permian Resources?

0 Wall Street analysts have set twelve-month price targets for Permian Resources in the last year. Their average twelve-month price target is $18.87, suggesting a possible upside of 38.7%. Raymond James has the highest price target set, predicting PR will reach $24.00 in the next twelve months. Benchmark Co. has the lowest price target set, forecasting a price of $14.00 for Permian Resources in the next year.
View the latest price targets for PR.

What is the current consensus analyst rating for Permian Resources?

Permian Resources currently has 2 hold ratings, 13 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PR.

What other companies compete with Permian Resources?

Other companies that are similar to Permian Resources include Suncor Energy, Cenovus Energy, Pembina Pipeline, Coterra Energy and Ecopetrol. Learn More about companies similar to Permian Resources.

How do I contact Permian Resources' investor relations team?

Permian Resources' physical mailing address is 1001 17th St Ste 1800, Denver, Colorado 80202-2058. The company's listed phone number is (432) 695-4222 and its investor relations email address is [email protected]. The official website for Permian Resources is www.cdevinc.com. Learn More about contacing Permian Resources investor relations.