Permian Resources (PR, Financial) has recently caught the spotlight as Piper Sandler's analyst, Mark Lear, announced a significant adjustment in the company's price target. On May 13, 2025, Piper Sandler maintained its 'Overweight' rating for Permian Resources but lowered the price target from USD 20.00 to USD 19.00.
This adjustment represents a 5% reduction from the previous target, reflecting the latest evaluation by the analysts at Piper Sandler. The continued 'Overweight' rating suggests that the analyst still views Permian Resources (PR, Financial) as a favorable investment, despite the decrease in the price target.
Investors and stakeholders are now closely monitoring this development to understand how it may impact their strategies and the overall performance of Permian Resources (PR, Financial) in the stock market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Permian Resources Corp (PR, Financial) is $17.79 with a high estimate of $23.00 and a low estimate of $14.00. The average target implies an upside of 28.49% from the current price of $13.85. More detailed estimate data can be found on the Permian Resources Corp (PR) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Permian Resources Corp's (PR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Permian Resources Corp (PR, Financial) in one year is $12.59, suggesting a downside of 9.06% from the current price of $13.845. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Permian Resources Corp (PR) Summary page.
