Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Permian Resources PR in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Permian Resources, revealing an average target of $16.0, a high estimate of $18.00, and a low estimate of $14.00. A 5.88% drop is evident in the current average compared to the previous average price target of $17.00.
Breaking Down Analyst Ratings: A Detailed Examination
A comprehensive examination of how financial experts perceive Permian Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Hanold | RBC Capital | Maintains | Outperform | $17.00 | - |
| Doug Leggate | B of A Securities | Announces | Neutral | $15.00 | - |
| Josh Silverstein | UBS | Lowers | Neutral | $14.00 | $15.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $18.00 | $20.00 |
| Hanwen Chang | Wells Fargo | Announces | Overweight | $17.00 | - |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $15.00 | $16.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Permian Resources. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Permian Resources compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Permian Resources's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Permian Resources's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Permian Resources analyst ratings.
Delving into Permian Resources's Background
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets.
Unraveling the Financial Story of Permian Resources
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Permian Resources's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 37.97%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Permian Resources's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 6.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Permian Resources's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.34%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Permian Resources's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.52%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Permian Resources's debt-to-equity ratio is below the industry average at 0.63, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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