Piper Sandler has adjusted its price target for Permian Resources (PR, Financial), raising it from $19.00 to $20.00. This adjustment represents a 5.26% increase in the target price for the company's stock. The analyst behind this move is Mark Lear.
The current rating for Permian Resources (PR, Financial) remains unchanged at "Overweight," consistent with the previous rating. This suggests that Piper Sandler continues to view the stock as a strong candidate for investment compared to other industry options.
The updated price target for Permian Resources (PR, Financial) signifies continued confidence in the company's performance and growth potential. All figures are reported in USD.
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 $18.21 with a high estimate of $23.00 and a low estimate of $14.00. The average target implies an upside of 39.01% from the current price of $13.10. 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 $12.58, suggesting a downside of 3.97% from the current price of $13.1. 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.
