In a recent update, Goldman Sachs has maintained its "Buy" rating for Permian Resources (PR, Financial), showcasing continued confidence in the company's future prospects. The analyst on the case, Neil Mehta, has also raised the price target for Permian Resources (PR) from $14.00 to $16.00 USD. This adjustment signifies a 14.29% increase from the previous target, indicating a bullish outlook on the stock's performance.
The revised target price reflects a positive sentiment towards Permian Resources (PR, Financial), as the company continues to operate within the dynamic energy sector. The "Buy" rating further emphasizes Goldman Sachs' favorable view on the potential growth trajectory of Permian Resources (PR).
This update comes as investors monitor the energy sector closely, with Permian Resources (PR, Financial) remaining a key player. The raised price target and maintained "Buy" rating suggest optimism about the company's strategic initiatives and market positioning.
As of May 16, 2025, these adjustments highlight the analytical insights of Goldman Sachs and their forecast for the future performance of Permian Resources (PR, Financial) stock.
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 $17.89 with a high estimate of $23.00 and a low estimate of $14.00. The average target implies an upside of 32.36% from the current price of $13.52. More detailed estimate data can be found on the Permian Resources Corp (PR) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Permian Resources Corp's (PR, Financial) average brokerage recommendation is currently 1.8, 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 $12.80, suggesting a downside of 5.33% from the current price of $13.52. 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.
