Permian Resources Corporation (PR)
NYSE: PR · IEX Real-Time Price · USD
17.08
-0.10 (-0.58%)
At close: Apr 19, 2024, 4:00 PM
17.25
+0.17 (1.00%)
After-hours: Apr 19, 2024, 7:49 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 18.79, with a low estimate of 14 and a high estimate of 24. The average target predicts an increase of 10.01% from the current stock price of 17.08.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 6 |
| Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Hold | 2 | 2 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 12 | 12 | 12 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $22 → $23 | Buy | Maintains | $22 → $23 | +34.66% | Apr 19, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $18 → $21 | Buy | Maintains | $18 → $21 | +22.95% | Apr 17, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $18 → $20 | Strong Buy | Maintains | $18 → $20 | +17.10% | Apr 15, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $17 | Buy | Reiterates | $17 | -0.47% | Apr 12, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $18 → $20 | Buy | Maintains | $18 → $20 | +17.10% | Apr 12, 2024 |
Financial Forecast
Revenue This Year
5.12B
from 3.12B
Increased by 64.12%
Revenue Next Year
5.57B
from 5.12B
Increased by 8.67%
EPS This Year
1.68
from 1.24
Increased by 35.22%
EPS Next Year
1.92
from 1.68
Increased by 14.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.5B | 6.5B | 6.4B |
| Avg | 5.1B | 5.6B | 5.4B |
| Low | 4.5B | 4.8B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 76.3% | 26.4% | 15.2% |
| Avg | 64.1% | 8.7% | -2.3% |
| Low | 44.8% | -6.5% | -20.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.77 | 2.93 | 2.66 |
| Avg | 1.68 | 1.92 | 1.73 |
| Low | 0.84 | 0.91 | 1.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 123.5% | 74.7% | 39.1% |
| Avg | 35.2% | 14.3% | -9.9% |
| Low | -32.0% | -45.6% | -47.5% |
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.