Permian Resources (PR) Stock Forecast, Price Target & Predictions
PR Stock Forecast
Permian Resources stock forecast is as follows: an average price target of $18.25 (represents a 35.29% upside from PR’s last price of $13.49) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
PR Price Target
PR Analyst Ratings
Permian Resources Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 15, 2024 | Mark Lear | Piper Sandler | $21.00 | $14.67 | 43.15% | 55.67% |
Aug 09, 2024 | Paul Diamond | Citigroup | $18.00 | $14.53 | 23.88% | 33.43% |
Jul 30, 2024 | Neal Dingmann | Truist Financial | $22.00 | $15.33 | 43.51% | 63.08% |
Jul 22, 2024 | Neal Dingmann | Truist Financial | $21.00 | $15.93 | 31.83% | 55.67% |
Jul 03, 2024 | Phillip Jungwirth | BMO Capital | $21.00 | $16.32 | 28.68% | 55.67% |
Jun 14, 2024 | Josh Silverstein | UBS | $21.00 | $15.18 | 38.34% | 55.67% |
May 15, 2024 | Scott Hanold | RBC Capital | $20.00 | $16.83 | 18.84% | 48.26% |
May 13, 2024 | William Janela | Mizuho Securities | $22.00 | $16.57 | 32.77% | 63.08% |
Apr 19, 2024 | Mark Lear | Piper Sandler | $23.00 | $17.18 | 33.88% | 70.50% |
Apr 19, 2024 | Neal Dingmann | Truist Financial | $23.00 | $17.18 | 33.88% | 70.50% |
Permian Resources Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 5 | 13 |
Avg Price Target | - | $20.60 | $21.31 |
Last Closing Price | $13.49 | $13.49 | $13.49 |
Upside/Downside | -100.00% | 52.71% | 57.97% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 04, 2024 | Truist Financial | Underperform | Underperform | Hold |
Sep 04, 2024 | UBS | Buy | Buy | Hold |
Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Aug 09, 2024 | Citigroup | Buy | Buy | Hold |
Aug 07, 2024 | Truist Financial | Underperform | Underperform | Hold |
Aug 07, 2024 | Cowen & Co. | Buy | Buy | Hold |
Jul 22, 2024 | RBC Capital | Underperform | Underperform | Hold |
Jul 22, 2024 | UBS | Buy | Buy | Hold |
Jul 17, 2024 | Wolfe Research | - | Peer Perform | Initialise |
Jul 03, 2024 | UBS | Underperform | Underperform | Hold |
Permian Resources Financial Forecast
Permian Resources Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.12B | $758.54M | $623.40M | $616.27M | $761.56M | $549.78M | $472.65M | $347.28M | $316.42M | $288.50M | $232.58M | $192.39M | $148.08M | $149.10M | $90.51M | $192.77M | $256.39M | $229.13M |
Avg Forecast | $1.41B | $1.39B | $1.38B | $1.36B | $1.45B | $1.41B | $1.34B | $1.37B | $1.36B | $1.28B | $1.23B | $1.20B | $1.09B | $747.06M | $660.10M | $674.90M | $746.71M | $523.04M | $401.19M | $310.97M | $285.85M | $248.40M | $195.04M | $155.30M | $142.29M | $115.00M | $85.05M | $195.57M | $242.57M | $223.86M |
High Forecast | $1.50B | $1.48B | $1.47B | $1.45B | $1.54B | $1.50B | $1.43B | $1.46B | $1.45B | $1.31B | $1.31B | $1.28B | $1.20B | $794.62M | $702.13M | $717.87M | $794.25M | $556.34M | $418.03M | $324.03M | $297.85M | $258.83M | $203.23M | $161.82M | $148.26M | $119.83M | $88.62M | $203.78M | $252.75M | $233.26M |
Low Forecast | $1.34B | $1.33B | $1.31B | $1.30B | $1.38B | $1.35B | $1.28B | $1.31B | $1.30B | $1.27B | $1.18B | $1.15B | $1.03B | $712.27M | $629.37M | $643.48M | $711.94M | $498.69M | $390.00M | $302.30M | $277.88M | $241.47M | $189.60M | $150.97M | $138.32M | $111.80M | $82.68M | $190.11M | $235.80M | $217.62M |
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 0.94% | 0.91% | 1.02% | 1.05% | 1.18% | 1.12% | 1.11% | 1.16% | 1.19% | 1.24% | 1.04% | 1.30% | 1.06% | 0.99% | 1.06% | 1.02% |
Permian Resources EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $795.91M | $310.20M | $354.40M | $438.02M | $533.70M | $391.44M | $289.37M | $237.32M | $220.18M | $179.34M | $142.85M | $105.13M | $69.85M | $76.16M | $21.00M | $104.39M | $153.61M | $130.11M |
Avg Forecast | $752.80M | $744.81M | $735.75M | $727.88M | $775.01M | $753.92M | $715.68M | $732.16M | $728.34M | $685.79M | $658.91M | $642.98M | $581.51M | $398.90M | $352.47M | $360.37M | $398.71M | $279.28M | $214.22M | $166.04M | $152.63M | $132.63M | $104.14M | $82.92M | $75.97M | $61.41M | $45.41M | $104.42M | $129.52M | $119.53M |
High Forecast | $800.73M | $792.23M | $782.59M | $774.21M | $824.34M | $801.92M | $761.24M | $778.77M | $774.70M | $701.38M | $700.86M | $683.91M | $639.13M | $424.29M | $374.90M | $383.31M | $424.09M | $297.06M | $223.21M | $173.02M | $159.04M | $138.20M | $108.52M | $86.40M | $79.16M | $63.99M | $47.32M | $108.81M | $134.96M | $124.55M |
Low Forecast | $717.75M | $710.13M | $701.49M | $693.98M | $738.92M | $718.82M | $682.36M | $698.07M | $694.42M | $680.60M | $628.23M | $613.04M | $550.07M | $380.32M | $336.05M | $343.59M | $380.14M | $266.28M | $208.24M | $161.41M | $148.37M | $128.94M | $101.24M | $80.61M | $73.86M | $59.69M | $44.15M | $101.51M | $125.91M | $116.20M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.37% | 0.78% | 1.01% | 1.22% | 1.34% | 1.40% | 1.35% | 1.43% | 1.44% | 1.35% | 1.37% | 1.27% | 0.92% | 1.24% | 0.46% | 1.00% | 1.19% | 1.09% |
Permian Resources Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $570.40M | $130.84M | $202.05M | $219.80M | $198.71M | $343.50M | $191.83M | $15.80M | $160.75M | $-15.40M | $-105.39M | $-95.00M | $-156.46M | $-73.84M | $5.33M | $-550.35M | $9.62M | $-3.71M |
Avg Forecast | $363.14M | $350.32M | $331.16M | $341.43M | $315.79M | $305.74M | $278.60M | $293.00M | $277.89M | $256.21M | $248.73M | $242.77M | $223.33M | $261.80M | $209.74M | $254.80M | $287.02M | $305.65M | $297.09M | $253.80M | $190.28M | $128.95M | $47.01M | $1.42M | $-51.79M | $-125.54M | $-169.54M | $-48.93M | $29.93M | $12.74M |
High Forecast | $393.20M | $379.31M | $358.56M | $369.68M | $341.93M | $331.05M | $301.66M | $317.24M | $300.89M | $310.15M | $269.31M | $262.86M | $291.01M | $283.47M | $227.09M | $275.89M | $310.77M | $330.95M | $313.31M | $267.66M | $200.67M | $135.99M | $49.58M | $1.50M | $-49.92M | $-120.99M | $-163.40M | $-47.16M | $31.56M | $13.43M |
Low Forecast | $341.16M | $329.11M | $311.11M | $320.76M | $296.67M | $287.23M | $261.73M | $275.26M | $261.07M | $188.79M | $233.67M | $228.07M | $142.12M | $245.95M | $197.04M | $239.38M | $269.64M | $287.15M | $286.32M | $244.60M | $183.38M | $124.28M | $45.31M | $1.37M | $-54.62M | $-132.39M | $-178.80M | $-51.60M | $28.84M | $12.28M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.55% | 0.50% | 0.96% | 0.86% | 0.69% | 1.12% | 0.65% | 0.06% | 0.84% | -0.12% | -2.24% | -66.85% | 3.02% | 0.59% | -0.03% | 11.25% | 0.32% | -0.29% |
Permian Resources SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $39.13M | $34.52M | $52.74M | $35.47M | $75.62M | $43.39M | $9.95M | $31.03M | $18.80M | $36.75M | $28.81M | $25.63M | $19.94M | $17.00M | $15.11M | $19.39M | $23.21M | $20.79M |
Avg Forecast | $125.01M | $123.68M | $122.18M | $120.87M | $128.69M | $125.19M | $118.84M | $121.58M | $120.94M | $113.88M | $109.42M | $106.77M | $96.56M | $66.24M | $58.53M | $59.84M | $66.21M | $46.38M | $35.57M | $27.57M | $25.34M | $22.02M | $17.29M | $13.77M | $12.62M | $10.20M | $7.54M | $17.34M | $21.51M | $19.85M |
High Forecast | $132.96M | $131.55M | $129.95M | $128.56M | $136.89M | $133.16M | $126.41M | $129.32M | $128.64M | $116.47M | $116.38M | $113.57M | $106.13M | $70.46M | $62.25M | $63.65M | $70.42M | $49.33M | $37.07M | $28.73M | $26.41M | $22.95M | $18.02M | $14.35M | $13.15M | $10.63M | $7.86M | $18.07M | $22.41M | $20.68M |
Low Forecast | $119.19M | $117.92M | $116.49M | $115.24M | $122.70M | $119.36M | $113.31M | $115.92M | $115.31M | $113.02M | $104.32M | $101.80M | $91.34M | $63.15M | $55.80M | $57.05M | $63.12M | $44.22M | $34.58M | $26.80M | $24.64M | $21.41M | $16.81M | $13.39M | $12.26M | $9.91M | $7.33M | $16.86M | $20.91M | $19.30M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | 0.52% | 0.90% | 0.59% | 1.14% | 0.94% | 0.28% | 1.13% | 0.74% | 1.67% | 1.67% | 1.86% | 1.58% | 1.67% | 2.00% | 1.12% | 1.08% | 1.05% |
Permian Resources EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.14 | $0.40 | $0.64 | $0.74 | $0.69 | $1.20 | $0.67 | $0.06 | $0.57 | $-0.05 | $-0.38 | $-0.34 | $-0.56 | $-0.27 | $0.02 | $-1.99 | $0.03 | $-0.01 |
Avg Forecast | $0.55 | $0.53 | $0.50 | $0.52 | $0.48 | $0.47 | $0.42 | $0.45 | $0.42 | $0.39 | $0.38 | $0.37 | $0.34 | $0.40 | $0.32 | $0.39 | $0.44 | $0.47 | $0.45 | $0.39 | $0.29 | $0.20 | $0.07 | - | $-0.08 | $-0.19 | $-0.26 | $-0.07 | $0.05 | $0.02 |
High Forecast | $0.60 | $0.58 | $0.55 | $0.56 | $0.52 | $0.50 | $0.46 | $0.48 | $0.46 | $0.47 | $0.41 | $0.40 | $0.44 | $0.43 | $0.35 | $0.42 | $0.47 | $0.50 | $0.48 | $0.41 | $0.31 | $0.21 | $0.08 | - | $-0.08 | $-0.18 | $-0.25 | $-0.07 | $0.05 | $0.02 |
Low Forecast | $0.52 | $0.50 | $0.47 | $0.49 | $0.45 | $0.44 | $0.40 | $0.42 | $0.40 | $0.29 | $0.36 | $0.35 | $0.22 | $0.37 | $0.30 | $0.36 | $0.41 | $0.44 | $0.44 | $0.37 | $0.28 | $0.19 | $0.07 | - | $-0.08 | $-0.20 | $-0.27 | $-0.08 | $0.04 | $0.02 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.35% | 1.00% | 2.00% | 1.91% | 1.58% | 2.58% | 1.48% | 0.16% | 1.97% | -0.28% | -5.31% | -157.04% | 7.10% | 1.41% | -0.08% | 26.70% | 0.66% | -0.72% |
Permian Resources Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
VTLE | Vital Energy | $26.43 | $60.83 | 130.16% | Hold |
DVN | Devon Energy | $39.45 | $64.04 | 62.33% | Buy |
MTDR | Matador Resources Company | $49.84 | $78.00 | 56.50% | Buy |
SWN | Southwestern Energy Company | $6.26 | $8.85 | 41.37% | Hold |
PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
SM | SM Energy Company | $39.16 | $51.64 | 31.87% | Buy |
CTRA | Coterra Energy | $22.78 | $29.53 | 29.63% | Buy |
EQT | EQT | $33.19 | $41.00 | 23.53% | Buy |
EOG | EOG Resources | $119.37 | $131.79 | 10.40% | Buy |
RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
MGY | Magnolia Oil & Gas | $23.84 | $25.31 | 6.17% | Buy |
CRK | Comstock Resources | $10.02 | $8.33 | -16.87% | Hold |
PR Forecast FAQ
Is Permian Resources a good buy?
Yes, according to 11 Wall Street analysts, Permian Resources (PR) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 90.91% of PR's total ratings.
What is PR's price target?
Permian Resources (PR) average price target is $18.25 with a range of $5 to $24, implying a 35.29% from its last price of $13.49. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Permian Resources stock go up soon?
According to Wall Street analysts' prediction for PR stock, the company can go up by 35.29% (from the last price of $13.49 to the average price target of $18.25), up by 77.91% based on the highest stock price target, and down by -62.94% based on the lowest stock price target.
Can Permian Resources stock reach $20?
PR's highest twelve months analyst stock price target of $24 supports the claim that Permian Resources can reach $20 in the near future.
What are Permian Resources's analysts' financial forecasts?
Permian Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.57B (high $5.93B, low $5.32B), average EBITDA is $2.98B (high $3.17B, low $2.84B), average net income is $1.19B (high $1.29B, low $1.12B), average SG&A $494.31M (high $525.78M, low $471.29M), and average EPS is $1.82 (high $1.97, low $1.71). PR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.55B (high $5.9B, low $5.29B), average EBITDA is $2.96B (high $3.15B, low $2.82B), average net income is $1.39B (high $1.5B, low $1.3B), average SG&A $491.73M (high $523.03M, low $468.83M), and average EPS is $2.11 (high $2.29, low $1.98).
Did the PR's actual financial results beat the analysts' financial forecasts?
Based on Permian Resources's last annual report (Dec 2023), the company's revenue was $3.12B, which missed the average analysts forecast of $3.17B by -1.58%. Apple's EBITDA was $1.87B, beating the average prediction of $1.69B by 10.20%. The company's net income was $1.19B, beating the average estimation of $949.67M by 25.47%. Apple's SG&A was $161.86M, missing the average forecast of $281.17M by -42.44%. Lastly, the company's EPS was $3.06, beating the average prediction of $1.45 by 111.49%. In terms of the last quarterly report (Dec 2023), Permian Resources's revenue was $1.12B, beating the average analysts' forecast of $1.09B by 3.09%. The company's EBITDA was $795.91M, beating the average prediction of $581.51M by 36.87%. Permian Resources's net income was $570.4M, beating the average estimation of $223.33M by 155.40%. The company's SG&A was $39.13M, missing the average forecast of $96.56M by -59.48%. Lastly, the company's EPS was $1.14, beating the average prediction of $0.34 by 235.05%