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 $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


The average price target for Permian Resources (PR) is $18.25 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 35.29% upside from PR's last price of $13.49.

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
Aug 15, 2024Mark LearPiper Sandler$21.00$14.6743.15%55.67%
Aug 09, 2024Paul DiamondCitigroup$18.00$14.5323.88%33.43%
Jul 30, 2024Neal DingmannTruist Financial$22.00$15.3343.51%63.08%
Jul 22, 2024Neal DingmannTruist Financial$21.00$15.9331.83%55.67%
Jul 03, 2024Phillip JungwirthBMO Capital$21.00$16.3228.68%55.67%
Jun 14, 2024Josh SilversteinUBS$21.00$15.1838.34%55.67%
May 15, 2024Scott HanoldRBC Capital$20.00$16.8318.84%48.26%
May 13, 2024William JanelaMizuho Securities$22.00$16.5732.77%63.08%
Apr 19, 2024Mark LearPiper Sandler$23.00$17.1833.88%70.50%
Apr 19, 2024Neal DingmannTruist Financial$23.00$17.1833.88%70.50%
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The latest Permian Resources stock forecast, released on Aug 15, 2024 by Mark Lear from Piper Sandler, set a price target of $21.00, which represents a 43.15% increase from the stock price at the time of the forecast ($14.67), and a 55.67% increase from PR last price ($13.49).

Permian Resources Price Target by Period


1M3M12M
# Anlaysts-513
Avg Price Target-$20.60$21.31
Last Closing Price$13.49$13.49$13.49
Upside/Downside-100.00%52.71%57.97%

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 $13.49. 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
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 Research-Peer PerformInitialise
Jul 03, 2024UBSUnderperformUnderperformHold
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Permian Resources's last stock rating was published by Truist Financial on Sep 04, 2024. The company gave PR a "Underperform" 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$1.41B$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
# Analysts644643744974946437434744464474
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 $1.15B, and a high forecast of $1.28B. 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
# Analysts644643744974946437434744464474
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%

4 analysts predict PR's average Quarter EBITDA for Mar 24 to be $642.98M, with a high of $683.91M and a low of $613.04M. This is -19.21% 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
# Analysts644643744974946437434744464474
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's average Quarter net income forecast for Mar 24 is $242.77M, with a range of $228.07M to $262.86M. PR's average Quarter net income forecast represents a -57.44% 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
# Analysts644643744974946437434744464474
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's average Quarter SG&A projection for Mar 24 is $106.77M, based on 4 Wall Street analysts, with a range of $101.80M to $113.57M. 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
# Analysts644643744974946437434744464474
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%

According to 4 Wall Street analysts, Permian Resources's projected average Quarter EPS for Mar 24 is $0.37, with a low estimate of $0.35 and a high estimate of $0.40. 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$26.43$60.83130.16%Hold
DVNDevon Energy$39.45$64.0462.33%Buy
MTDRMatador Resources Company$49.84$78.0056.50%Buy
SWNSouthwestern Energy Company$6.26$8.8541.37%Hold
PRPermian Resources$13.49$18.2535.29%Buy
SMSM Energy Company$39.16$51.6431.87%Buy
CTRACoterra Energy$22.78$29.5329.63%Buy
EQTEQT$33.19$41.0023.53%Buy
EOGEOG Resources$119.37$131.7910.40%Buy
RRCRange Resources$29.03$31.006.79%Buy
MGYMagnolia Oil & Gas$23.84$25.316.17%Buy
CRKComstock Resources$10.02$8.33-16.87%Hold

PR Forecast FAQ


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.

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.

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.

PR's highest twelve months analyst stock price target of $24 supports the claim that Permian Resources can reach $20 in the near future.

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).

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%