Permian Resources Corporation (PR)
NYSE: PR · IEX Real-Time Price · USD
16.32
+0.22 (1.37%)
At close: Jul 2, 2024, 4:00 PM
16.39
+0.07 (0.43%)
After-hours: Jul 2, 2024, 7:45 PM EDT
Permian Resources Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Permian Resources stock have an average target of 20, with a low estimate of 15 and a high estimate of 24. The average target predicts an increase of 22.55% from the current stock price of 16.32.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PR stock from 14 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 6 | 6 | 8 |
| Buy | 4 | 4 | 4 | 5 | 4 | 4 |
| Hold | 3 | 3 | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 14 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold → Strong Buy Upgrades $20 → $21 | Hold → Strong Buy | Upgrades | $20 → $21 | +28.68% | Jun 14, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | +22.55% | Jun 14, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $21 → $22 | Strong Buy | Maintains | $21 → $22 | +34.80% | May 13, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +28.68% | May 8, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +4.17% | Apr 23, 2024 |
Financial Forecast
Revenue This Year
5.28B
from 3.12B
Increased by 69.02%
Revenue Next Year
5.61B
from 5.28B
Increased by 6.43%
EPS This Year
1.68
from 1.24
Increased by 35.79%
EPS Next Year
1.92
from 1.68
Increased by 14.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.6B | 6.1B | 6.2B |
| Avg | 5.3B | 5.6B | 5.5B |
| Low | 4.8B | 5.1B | 4.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 78.4% | 16.0% | 10.4% |
| Avg | 69.0% | 6.4% | -2.5% |
| Low | 54.1% | -4.0% | -19.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.06 | 2.60 | 2.68 |
| Avg | 1.68 | 1.92 | 1.68 |
| Low | 0.82 | 0.89 | 0.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 65.8% | 54.6% | 39.6% |
| Avg | 35.8% | 14.0% | -12.7% |
| Low | -34.1% | -47.1% | -49.1% |
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.