Susquehanna Financial Group has revised its price target for Permian Resources (PR, Financial), reducing it from $20 to $19 while maintaining a Positive rating on the company's shares. This adjustment reflects changes in the firm's oil price assumptions, which now predict a decline to approximately $68 per barrel in 2025 and $67 per barrel in 2026 and beyond.
The downward revision in oil price projections comes as global demand estimates are increasingly under pressure due to the imposition of tariffs and mounting fears of a recession. These factors have contributed to a drop in oil prices starting in the second quarter. Additionally, the global oil market is set to experience an influx of supply as OPEC+ begins to roll back its voluntary production cuts of 2.2 million barrels per day this April.
These developments could have significant implications for the oil industry as companies like Permian Resources navigate changing market conditions and fluctuations in pricing. Investors and market analysts will be closely monitoring how these factors influence the company's performance and the broader energy sector.
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 56.63% from the current price of $11.62. 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 13.68% from the current price of $11.62. 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.
