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Permian Resources (PR) Stock Forecast, Price Target & Predictions

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PR Stock Forecast

Permian Resources stock forecast is as follows: an average price target of $20.00 (represents a 47.93% upside from PR’s last price of $13.52) 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 $20.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $18.00. This represents a potential 47.93% upside from PR's last price of $13.52.

PR Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 15, 2024Mark LearPiper Sandler$20.00$14.2240.65%47.93%
Oct 11, 2024Nitin KumarMizuho Securities$19.00$14.4531.49%40.53%
Aug 15, 2024Mark LearPiper Sandler$21.00$14.6743.15%55.33%
Aug 09, 2024Paul DiamondCitigroup$18.00$14.5323.88%33.14%
Jul 30, 2024Neal DingmannTruist Financial$22.00$15.3343.51%62.72%
Jul 22, 2024Neal DingmannTruist Financial$21.00$15.9331.83%55.33%
Jul 03, 2024Phillip JungwirthBMO Capital$21.00$16.3228.68%55.33%
Jun 14, 2024Josh SilversteinUBS$21.00$15.1838.34%55.33%
May 15, 2024Scott HanoldRBC Capital$20.00$16.8318.84%47.93%
May 13, 2024William JanelaMizuho Securities$22.00$16.5732.77%62.72%
Apr 19, 2024Mark LearPiper Sandler$23.00$17.1833.88%70.12%
Apr 19, 2024Neal DingmannTruist Financial$23.00$17.1833.88%70.12%
Apr 17, 2024Hanwen ChangWells Fargo$21.00$17.6119.25%55.33%
Apr 15, 2024Nitin KumarMizuho Securities$20.00$17.7312.80%47.93%
Apr 08, 2024John FreemanRaymond James$24.00$17.7834.98%77.51%
Aug 22, 2023Biju PerincherilSusquehanna$14.00$13.434.24%3.55%
Dec 02, 2022Truist Financial$15.00$9.7953.22%10.95%
Nov 17, 2022Piper Sandler$15.00$10.9936.49%10.95%
Aug 01, 2022Mark LearPiper Sandler$11.00$6.6665.17%-18.64%
Jul 27, 2022Leo MarianiMKM Partners$10.00$6.3856.86%-26.04%
Mar 14, 2022Tom HughesWells Fargo$12.00$7.6057.89%-11.24%
Dec 06, 2021Gabriel DaoudCowen & Co.$5.00$6.15-18.70%-63.02%
Nov 17, 2021Lloyd ByrneUBS$9.00$7.0627.48%-33.43%

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 47.93% increase from PR last price ($13.52).

Permian Resources Price Target by Period

1M3M12M
# Anlaysts-215
Avg Price Target-$19.50$21.07
Last Closing Price$13.52$13.52$13.52
Upside/Downside-100.00%44.23%55.84%

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 $13.52. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024Wells FargoBuyBuyHold
Oct 16, 2024UBSUnderperformUnderperformHold
Oct 15, 2024Piper SandlerOverweightOverweightHold
Sep 30, 2024Truist FinancialUnderperformUnderperformHold
Sep 30, 2024UBSBuyBuyHold
Sep 29, 2024Goldman SachsBuyInitialise
Sep 04, 2024Truist FinancialUnderperformUnderperformHold
Sep 04, 2024UBSBuyBuyHold
Aug 15, 2024Piper SandlerOverweightOverweightHold
Aug 09, 2024CitigroupBuyBuyHold
Aug 07, 2024Truist FinancialUnderperformUnderperformHold
Aug 07, 2024Cowen & Co.BuyBuyHold
Jul 22, 2024RBC CapitalUnderperformUnderperformHold
Jul 22, 2024UBSBuyBuyHold
Jul 17, 2024Wolfe ResearchPeer PerformInitialise
Jul 03, 2024UBSUnderperformUnderperformHold
Jul 03, 2024BMO CapitalOutperformUpgrade
Jun 14, 2024Truist FinancialUnderperformUnderperformHold
Jun 14, 2024Wells FargoBuyBuyHold
Jun 05, 2024CitigroupBuyBuyHold
May 15, 2024RBC CapitalOutperformOutperformHold
May 08, 2024Truist FinancialUnderperformUnderperformHold
May 08, 2024Wells FargoBuyBuyHold
Apr 19, 2024Piper SandlerOverweightOverweightHold
Apr 17, 2024Wells FargoOverweightOverweightHold
Apr 09, 2024Wells FargoStrong BuyStrong BuyHold
Apr 08, 2024Raymond JamesStrong BuyInitialise
Mar 22, 2024Truist FinancialUnderperformUnderperformHold
Mar 22, 2024Wells FargoBuyBuyHold
Mar 07, 2024Piper SandlerOverweightOverweightHold
Feb 29, 2024UBSBuyBuyHold
Feb 27, 2024William BlairOutperformOutperformHold
Jan 23, 2024UBSUnderperformUnderperformHold
Jan 23, 2024Wells FargoBuyBuyHold
Dec 14, 2023UBSNeutralNeutralHold
Oct 23, 2023BenchmarkBuyBuyHold
Aug 22, 2023SusquehannaNeutralNeutralHold
Aug 16, 2023Mizuho SecuritiesBuyUpgrade
Mar 01, 2023Cowen & Co.OutperformUpgrade
Aug 01, 2022Piper SandlerOverweightOverweightHold
Jul 06, 2022RBC CapitalOutperformUpgrade
Mar 14, 2022Wells FargoReduceReduceHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$1.50B$1.48B$1.45B$1.50B$1.44B$1.40B$1.42B$1.36B$1.26B$1.23B$1.20B$1.20B$747.22M$701.68M$717.41M$793.74M$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$1.32B$1.31B$1.29B$1.27B$1.31B$1.26B$1.23B$1.31B$1.29B$1.18B$1.23B$1.20B$1.03B$746.90M$613.32M$627.07M$693.79M$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
# Analysts545443489474946437434744464474
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443489474946437434744464474
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$513.61M$494.79M$481.63M$487.07M$479.73M$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$552.09M$545.87M$537.77M$529.90M$545.95M$525.95M$511.96M$515.94M$494.16M$460.64M$449.85M$438.97M$436.34M$272.39M$255.79M$261.52M$289.35M$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$482.57M$477.13M$470.05M$463.17M$477.20M$459.73M$447.50M$476.25M$468.91M$431.74M$449.85M$438.97M$375.54M$272.27M$223.58M$228.59M$252.91M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443489474946437434744464474
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$313.32M$288.37M$273.28M$285.09M$259.60M$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$392.96M$372.08M$358.64M$356.78M$338.97M$311.98M$295.66M$323.61M$274.87M$257.07M$279.34M$273.09M$326.42M$295.45M$254.52M$309.21M$348.30M$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$329.75M$312.24M$300.96M$299.40M$284.45M$261.80M$248.11M$231.15M$236.69M$215.72M$278.64M$271.52M$159.41M$291.87M$213.58M$259.47M$292.28M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443489474946437434744464474
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$124.92M$120.35M$117.15M$118.47M$116.68M$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$134.28M$132.77M$130.80M$128.89M$132.79M$127.93M$124.53M$125.49M$120.19M$112.04M$109.42M$106.77M$106.13M$66.25M$62.21M$63.61M$70.38M$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$117.38M$116.05M$114.33M$112.66M$116.07M$111.82M$108.84M$115.84M$114.05M$105.01M$109.42M$106.77M$91.34M$66.22M$54.38M$55.60M$61.52M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443489474946437434744464474
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$0.43$0.39$0.37$0.39$0.35$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$0.51$0.49$0.48$0.46$0.42$0.40$0.44$0.37$0.35$0.38$0.37$0.44$0.40$0.35$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$0.42$0.41$0.41$0.39$0.36$0.34$0.31$0.32$0.29$0.38$0.37$0.22$0.40$0.29$0.35$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
VTLEVital Energy$29.45$48.0062.99%Hold
DVNDevon Energy$32.17$50.5056.98%Buy
PRPermian Resources$13.97$20.0043.16%Buy
SMSM Energy Company$38.87$52.6735.50%Buy
MTDRMatador Resources Company$55.69$74.6734.08%Buy
CTRACoterra Energy$24.52$32.5032.54%Buy
MGYMagnolia Oil & Gas$24.24$29.0019.64%Buy
EOGEOG Resources$123.15$147.0019.37%Buy
RRCRange Resources$34.15$35.885.07%Buy
EQTEQT$44.20$43.75-1.02%Buy
CRKComstock Resources$16.09$8.67-46.12%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 $20 with a range of $18 to $22, implying a 47.93% from its last price of $13.52. 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 47.93% (from the last price of $13.52 to the average price target of $20), up by 62.72% based on the highest stock price target, and up by 33.14% based on the lowest stock price target.

Can Permian Resources stock reach $20?

PR's highest twelve months analyst stock price target of $22 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 $5.42B (high $5.76B, low $5.1B), average EBITDA is $1.98B (high $2.1B, low $1.86B), average net income is $1.16B (high $1.27B, low $1.03B), average SG&A $480.89M (high $510.74M, low $452.57M), and average EPS is $1.58 (high $1.73, low $1.39). PR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.59B (high $5.94B, low $5.19B), average EBITDA is $2.04B (high $2.17B, low $1.89B), average net income is $1.37B (high $1.48B, low $1.24B), average SG&A $495.54M (high $526.75M, low $460.42M), and average EPS is $1.86 (high $2.01, low $1.69).

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 $1.16B by 61.42%. The company's net income was $1.19B, beating the average estimation of $1.07B by 11.86%. 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 $397M by 100.48%. Permian Resources's net income was $570.4M, beating the average estimation of $250.51M by 127.70%. 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%