Raymond James has adjusted its price target for Permian Resources (PR, Financial), bringing it down to $20 from the previous $23. Despite this revision, the investment firm maintains a Strong Buy rating on the stock. This change comes in the wake of significant shifts in the energy sector's landscape, which has seen oil prices fall by nearly $10 per barrel since the start of the tariff disputes and the latest OPEC+ decision.
The current market environment presents challenges, leaving companies with few options to avoid the negative impact of declining commodity prices. Despite the current uncertainty, the analyst continues to project steady results for the Exploration & Production companies it covers, including Permian Resources, for the first quarter of the year. The firm's confidence in the sector's near-term outlook remains, even as many management teams exercise caution and adopt a wait-and-see approach to navigate ongoing market fluctuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Permian Resources Corp (PR, Financial) is $18.20 with a high estimate of $23.00 and a low estimate of $14.00. The average target implies an upside of 51.29% from the current price of $12.03. More detailed estimate data can be found on the Permian Resources Corp (PR) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Permian Resources Corp's (PR, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Permian Resources Corp (PR, Financial) in one year is $13.21, suggesting a upside of 9.81% from the current price of $12.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Permian Resources Corp (PR) Summary page.
