Permian Resources Corporation (PR)
NYSE: PR · IEX Real-Time Price · USD
17.66
+0.51 (2.97%)
At close: Mar 28, 2024, 4:00 PM
17.69
+0.03 (0.17%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Permian Resources Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Permian Resources stock have an average target of 17.92, with a low estimate of 14 and a high estimate of 24. The average target predicts an increase of 1.47% from the current stock price of 17.66.

Analyst Consensus: Buy
Target Low Average Median High
Price $14 $17.92 $18 $24
Change -20.72% +1.47% +1.93% +35.90%

Analyst Ratings

The average analyst rating for PR stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 555555
Buy 444444
Hold 222333
Sell 000000
Strong Sell 000000
Total 111111121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stifel
Stifel
Strong Buy
Maintains
$18$20
Strong Buy Maintains $18$20 +13.25% Mar 22, 2024
Mizuho
Mizuho
Strong Buy
Maintains
$16$18
Strong Buy Maintains $16$18 +1.93% Mar 7, 2024
Piper Sandler
Piper Sandler
Buy
Maintains
$17$22
Buy Maintains $17$22 +24.58% Mar 7, 2024
RBC Capital
RBC Capital
Buy
Reiterates
$17
Buy Reiterates $17 -3.74% Mar 5, 2024
Benchmark
Benchmark
Strong Buy
Maintains
$16$17
Strong Buy Maintains $16$17 -3.74% Mar 5, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
5.06B
from 3.12B
Increased by 62.23%
Revenue Next Year
5.45B
from 5.06B
Increased by 7.68%
EPS This Year
1.56
from 1.24
Increased by 25.79%
EPS Next Year
1.77
from 1.56
Increased by 13.72%
Year 20192020202120222023202420252026
Revenue
944.33M580.46M1.03B2.13B3.12B5.06B5.45B5.53B
Revenue Growth
5.98%-38.53%77.43%106.94%46.43%62.23%7.68%1.45%
EPS
0.06-2.460.461.611.241.561.771.82
EPS Growth
-92.00%--250.00%-22.98%25.79%13.72%2.50%
No. Analysts -----211711
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 5.7B 6.7B 6.4B
Avg 5.1B 5.5B 5.5B
Low 4.5B 4.8B 4.4B

Revenue Growth

Revenue Growth 202420252026
High
82.7%
31.4%
17.6%
Avg
62.2%
7.7%
1.4%
Low
44.8%
-5.5%
-18.5%

EPS Forecast

EPS 202420252026
High 2.40 2.72 3.10
Avg 1.56 1.77 1.82
Low 0.89 1.08 1.01

EPS Growth

EPS Growth 202420252026
High
93.9%
74.3%
74.6%
Avg
25.8%
13.7%
2.5%
Low
-28.1%
-30.6%
-43.3%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.