Permian Resources (PR) Stock Forecast, Price Target & Predictions
PR Stock Forecast
Permian Resources stock forecast is as follows: an average price target of $17.92 (represents a 12.07% upside from PR’s last price of $15.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
PR Price Target
The average price target for Permian Resources (PR) is $17.92 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $5.00. This represents a potential 12.07% upside from PR's last price of $15.99.
PR Analyst Ratings
According to 11 Wall Street analysts, Permian Resources's rating consensus is 'Buy'. The analyst rating breakdown for PR stock is 1 'Strong Buy' (9.09%), 9 'Buy' (81.82%), 1 'Hold' (9.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Permian Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 15, 2024 | Mark Lear | Piper Sandler | $20.00 | $14.22 | 40.65% | 25.08% |
| Oct 11, 2024 | Nitin Kumar | Mizuho Securities | $19.00 | $14.45 | 31.49% | 18.82% |
| Aug 15, 2024 | Mark Lear | Piper Sandler | $21.00 | $14.67 | 43.15% | 31.33% |
| Aug 09, 2024 | Paul Diamond | Citigroup | $18.00 | $14.53 | 23.88% | 12.57% |
| Jul 30, 2024 | Neal Dingmann | Truist Financial | $22.00 | $15.33 | 43.51% | 37.59% |
| Jul 22, 2024 | Neal Dingmann | Truist Financial | $21.00 | $15.93 | 31.83% | 31.33% |
| Jul 03, 2024 | Phillip Jungwirth | BMO Capital | $21.00 | $16.32 | 28.68% | 31.33% |
| Jun 14, 2024 | Josh Silverstein | UBS | $21.00 | $15.18 | 38.34% | 31.33% |
| May 15, 2024 | Scott Hanold | RBC Capital | $20.00 | $16.83 | 18.84% | 25.08% |
| May 13, 2024 | William Janela | Mizuho Securities | $22.00 | $16.57 | 32.77% | 37.59% |
The latest Permian Resources stock forecast, released on Oct 15, 2024 by Mark Lear from Piper Sandler, set a price target of $20.00, which represents a 40.65% increase from the stock price at the time of the forecast ($14.22), and a 25.08% increase from PR last price ($15.99).
Permian Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 15 |
| Avg Price Target | - | $19.50 | $21.07 |
| Last Closing Price | $15.99 | $15.99 | $15.99 |
| Upside/Downside | -100.00% | 21.95% | 31.77% |
In the current month, the average price target of Permian Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Permian Resources's last price of $15.99. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | Wells Fargo | Buy | Buy | Hold |
| Oct 16, 2024 | UBS | Underperform | Underperform | Hold |
| Oct 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 30, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Sep 30, 2024 | UBS | Buy | Buy | Hold |
| Sep 29, 2024 | Goldman Sachs | - | Buy | Initialise |
| 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 |
Permian Resources's last stock rating was published by Wells Fargo on Oct 16, 2024. The company gave PR a "Buy" rating, the same as its previous rate.
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 | $1.42B | $1.41B | $1.39B | $1.37B | $1.41B | $1.36B | $1.32B | $1.34B | $1.32B | $1.22B | $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 | $1.51B | $1.49B | $1.47B | $1.45B | $1.49B | $1.44B | $1.40B | $1.43B | $1.37B | $1.26B | $1.23B | $1.20B | $1.20B | $747.22M | $700.09M | $715.79M | $791.95M | $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 |
| Low Forecast | $1.33B | $1.32B | $1.30B | $1.28B | $1.32B | $1.27B | $1.24B | $1.27B | $1.29B | $1.18B | $1.23B | $1.20B | $1.03B | $746.90M | $617.22M | $631.06M | $698.21M | $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 |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 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's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.20B, with a low forecast of $1.20B, and a high forecast of $1.20B. PR's average Quarter revenue forecast represents a 7.26% increase compared to the company's last Quarter revenue of $1.12B (Dec 23).
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 | 9 | 10 | 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 | $519.38M | $513.53M | $505.91M | $498.51M | $513.54M | $494.52M | $481.55M | $487.44M | $480.01M | $446.19M | $449.85M | $438.97M | $397.00M | $272.33M | $240.63M | $246.03M | $272.20M | $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 | $550.84M | $544.64M | $536.55M | $528.70M | $544.65M | $524.48M | $510.72M | $520.18M | $498.19M | $460.64M | $449.85M | $438.97M | $436.34M | $272.39M | $255.21M | $260.93M | $288.69M | $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 |
| Low Forecast | $485.64M | $480.17M | $473.04M | $466.12M | $480.18M | $462.40M | $450.27M | $461.98M | $469.10M | $431.74M | $449.85M | $438.97M | $375.54M | $272.27M | $225.00M | $230.04M | $254.52M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.00% | 1.14% | 1.47% | 1.78% | 1.96% | 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% |
4 analysts predict PR's average Quarter EBITDA for Mar 24 to be $438.97M, with a high of $438.97M and a low of $438.97M. This is -44.85% lower than Permian Resources's previous annual EBITDA (Dec 23) of $795.91M.
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 | 9 | 10 | 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 | $363.22M | $343.93M | $331.51M | $329.78M | $312.54M | $287.42M | $272.84M | $286.84M | $261.92M | $237.61M | $278.99M | $272.31M | $250.51M | $293.66M | $235.26M | $285.81M | $321.94M | $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 | $391.83M | $371.01M | $357.61M | $355.76M | $337.15M | $310.05M | $294.32M | $333.35M | $285.73M | $256.33M | $279.34M | $273.09M | $326.42M | $295.45M | $253.78M | $308.31M | $347.30M | $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 |
| Low Forecast | $332.55M | $314.88M | $303.51M | $301.93M | $286.15M | $263.15M | $249.80M | $232.57M | $246.04M | $217.55M | $278.64M | $271.52M | $159.41M | $291.87M | $215.39M | $261.67M | $294.75M | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.28% | 0.45% | 0.86% | 0.77% | 0.62% | 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's average Quarter net income forecast for Mar 24 is $272.31M, with a range of $271.52M to $273.09M. PR's average Quarter net income forecast represents a -52.26% decrease compared to the company's last Quarter net income of $570.40M (Dec 23).
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 | 9 | 10 | 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 | $126.33M | $124.91M | $123.05M | $121.25M | $124.91M | $120.28M | $117.13M | $118.56M | $116.75M | $108.53M | $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 | $133.98M | $132.47M | $130.51M | $128.60M | $132.48M | $127.57M | $124.22M | $126.52M | $121.18M | $112.04M | $109.42M | $106.77M | $106.13M | $66.25M | $62.07M | $63.47M | $70.22M | $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 |
| Low Forecast | $118.12M | $116.79M | $115.06M | $113.38M | $116.79M | $112.47M | $109.52M | $112.37M | $114.10M | $105.01M | $109.42M | $106.77M | $91.34M | $66.22M | $54.73M | $55.95M | $61.91M | $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 |
| 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's average Quarter SG&A projection for Mar 24 is $106.77M, based on 4 Wall Street analysts, with a range of $106.77M to $106.77M. The forecast indicates a 172.89% rise compared to PR last annual SG&A of $39.13M (Dec 23).
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 | 9 | 10 | 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 | $0.49 | $0.47 | $0.45 | $0.45 | $0.42 | $0.39 | $0.37 | $0.39 | $0.36 | $0.32 | $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 | $0.53 | $0.50 | $0.49 | $0.48 | $0.46 | $0.42 | $0.40 | $0.45 | $0.39 | $0.35 | $0.38 | $0.37 | $0.44 | $0.40 | $0.34 | $0.42 | $0.47 | $0.47 | $0.45 | $0.39 | $0.29 | $0.20 | $0.07 | - | $-0.08 | $-0.19 | $-0.26 | $-0.07 | $0.05 | $0.02 |
| Low Forecast | $0.45 | $0.43 | $0.41 | $0.41 | $0.39 | $0.36 | $0.34 | $0.32 | $0.33 | $0.30 | $0.38 | $0.37 | $0.22 | $0.40 | $0.29 | $0.36 | $0.40 | $0.47 | $0.45 | $0.39 | $0.29 | $0.20 | $0.07 | - | $-0.08 | $-0.19 | $-0.26 | $-0.07 | $0.05 | $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% |
According to 4 Wall Street analysts, Permian Resources's projected average Quarter EPS for Mar 24 is $0.37, with a low estimate of $0.37 and a high estimate of $0.37. This represents a -67.56% decrease compared to PR previous annual EPS of $1.14 (Dec 23).
Permian Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $32.80 | $57.83 | 76.31% | Hold |
| DVN | Devon Energy | $38.70 | $58.88 | 52.14% | Buy |
| MTDR | Matador Resources Company | $60.16 | $73.11 | 21.53% | Buy |
| PR | Permian Resources | $15.99 | $17.92 | 12.07% | Buy |
| SM | SM Energy Company | $45.46 | $50.00 | 9.99% | Buy |
| CTRA | Coterra Energy | $27.44 | $29.63 | 7.98% | Buy |
| EOG | EOG Resources | $135.50 | $132.29 | -2.37% | Buy |
| MGY | Magnolia Oil & Gas | $28.23 | $25.06 | -11.23% | Buy |
| RRC | Range Resources | $35.57 | $31.53 | -11.36% | Buy |
| EQT | EQT | $46.89 | $41.53 | -11.43% | Buy |
| CRK | Comstock Resources | $15.23 | $9.25 | -39.26% | Hold |