Permian Resources Corporation (PR)
NYSE: PR · Real-Time Price · USD
16.21
+0.22 (1.38%)
At close: Nov 22, 2024, 4:00 PM
16.22
+0.01 (0.06%)
After-hours: Nov 22, 2024, 7:57 PM EST
Permian Resources Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Permian Resources stock have an average target of 18.93, with a low estimate of 14 and a high estimate of 24. The average target predicts an increase of 16.78% from the current stock price of 16.21.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PR stock from 16 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 8 | 8 | 8 |
| Buy | 4 | 5 | 5 | 6 | 6 | 6 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 15 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +29.55% | Nov 18, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $18 → $20 | Strong Buy | Maintains | $18 → $20 | +23.38% | Nov 8, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $17 → $14 | Strong Buy | Maintains | $17 → $14 | -13.63% | Oct 16, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $21 → $20 | Buy | Maintains | $21 → $20 | +23.38% | Oct 15, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $17 | Buy | Reiterates | $17 | +4.87% | Oct 14, 2024 |
Financial Forecast
Revenue This Year
5.19B
from 3.12B
Increased by 66.33%
Revenue Next Year
5.55B
from 5.19B
Increased by 6.99%
EPS This Year
1.46
from 1.24
Increased by 17.63%
EPS Next Year
1.60
from 1.46
Increased by 9.62%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.5B | 5.9B | 6.5B |
| Avg | 5.2B | 5.6B | 5.7B |
| Low | 4.8B | 5.0B | 4.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 75.0% | 14.1% | 17.2% |
| Avg | 66.3% | 7.0% | 2.4% |
| Low | 53.7% | -4.1% | -15.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.75 | 2.10 | 2.54 |
| Avg | 1.46 | 1.60 | 1.56 |
| Low | 1.15 | 1.17 | 0.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 41.6% | 44.2% | 59.2% |
| Avg | 17.6% | 9.6% | -2.4% |
| Low | -7.4% | -19.9% | -46.0% |
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.