Deep Dive Into Permian Resources Stock: Analyst Perspectives (20 Ratings)

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In the last three months, 20 analysts have published ratings on Permian Resources PR, offering a diverse range of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 11 7 2 0 0
Last 30D 1 0 0 0 0
1M Ago 4 4 1 0 0
2M Ago 2 0 0 0 0
3M Ago 4 3 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for Permian Resources, presenting an average target of $19.85, a high estimate of $24.00, and a low estimate of $16.00. Observing a 6.95% increase, the current average has risen from the previous average price target of $18.56.

Analyzing Analyst Ratings: A Detailed Breakdown

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
Nitin Kumar Mizuho Raises Buy $21.00 $20.00
Subash Chandra Benchmark Maintains Buy $17.00 -
Neal Dingmann Truist Securities Raises Buy $23.00 $22.00
Biju Perincheril Susquehanna Raises Neutral $18.00 $16.00
Mark Lear Piper Sandler Raises Overweight $23.00 $22.00
Hanwen Chang Wells Fargo Raises Overweight $21.00 $18.00
Nitin Kumar Mizuho Raises Buy $20.00 $18.00
Scott Hanold RBC Capital Maintains Outperform $17.00 -
Arun Jayaram JP Morgan Raises Overweight $20.00 $18.00
John Freeman Raymond James Announces Strong Buy $24.00 -
Neal Dingmann Truist Securities Lowers Buy $22.00 $24.00
Derrick Whitfield Stifel Raises Buy $20.00 $18.00
Nitin Kumar Mizuho Raises Buy $18.00 $16.00
Mark Lear Piper Sandler Raises Overweight $22.00 $17.00
Scott Hanold RBC Capital Maintains Outperform $17.00 -
Subash Chandra Benchmark Raises Buy $17.00 $16.00
Hanwen Chang Wells Fargo Raises Overweight $18.00 $17.00
Paul Diamond Citigroup Raises Buy $19.00 $17.00
Neal Dingmann Truist Securities Raises Buy $24.00 $23.00
Biju Perincheril Susquehanna Raises Neutral $16.00 $15.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Permian Resources. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Permian Resources compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Permian Resources's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Permian Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Permian Resources analyst ratings.

Get to Know Permian Resources Better

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. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.

Permian Resources's Economic Impact: An Analysis

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. 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 31 December, 2023, the company achieved an impressive revenue growth rate of 47.42%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.

Net Margin: Permian Resources's net margin is impressive, surpassing industry averages. With a net margin of 22.86%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Permian Resources's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.14%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Permian Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.12%, the company showcases efficient use of assets and strong financial health.

Debt Management: With a high debt-to-equity ratio of 0.62, Permian Resources faces challenges in effectively managing its debt levels, indicating potential financial strain.

The Core of Analyst Ratings: What Every Investor Should Know

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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