Permian Resources Corporation (PR)
NYSE: PR · Real-Time Price · USD
13.50
+0.34 (2.55%)
Sep 13, 2024, 10:06 AM EDT - Market open
Permian Resources Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Permian Resources stock have an average target of 19.79, with a low estimate of 15 and a high estimate of 24. The average target predicts an increase of 46.65% from the current stock price of 13.50.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PR stock from 15 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 8 | 8 | 8 | 8 |
| Buy | 5 | 4 | 4 | 5 | 5 | 5 |
| Hold | 3 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 13 | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $20 → $17 | Buy | Maintains | $20 → $17 | +25.97% | Sep 12, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $16 → $15 | Hold | Maintains | $16 → $15 | +11.15% | Sep 4, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $23 → $21 | Buy | Maintains | $23 → $21 | +55.61% | Aug 15, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $20 | Buy | Reiterates | $20 | +48.20% | Aug 12, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $20 → $18 | Strong Buy | Maintains | $20 → $18 | +33.38% | Aug 9, 2024 |
Financial Forecast
Revenue This Year
5.32B
from 3.12B
Increased by 70.46%
Revenue Next Year
5.79B
from 5.32B
Increased by 8.87%
EPS This Year
1.54
from 1.24
Increased by 23.98%
EPS Next Year
1.83
from 1.54
Increased by 19.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.6B | 6.2B | 6.7B |
| Avg | 5.3B | 5.8B | 5.9B |
| Low | 4.9B | 5.2B | 4.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 80.1% | 17.2% | 15.6% |
| Avg | 70.5% | 8.9% | 1.5% |
| Low | 55.9% | -2.5% | -21.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.80 | 2.40 | 2.80 |
| Avg | 1.54 | 1.83 | 1.80 |
| Low | 1.15 | 1.30 | 0.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 45.5% | 56.3% | 52.7% |
| Avg | 24.0% | 19.4% | -1.8% |
| Low | -7.4% | -15.1% | -52.2% |
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.