Navigating 6 Analyst Ratings For Permian Resources
Portfolio Pulse from Benzinga Insights
Six analysts have recently updated their ratings on Permian Resources (NYSE:PR), with a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target is now $16.00, down from $17.00, with a high estimate of $18.00 and a low of $14.00. Analysts from RBC Capital, B of A Securities, UBS, Stifel, Wells Fargo, and Susquehanna have provided various ratings and price target adjustments. Permian Resources has shown a revenue growth rate of 37.97% as of September 30, 2023, but has below-average net margin, ROE, and ROA, with a conservative debt-to-equity ratio of 0.63.

January 23, 2024 | 4:00 pm
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NEUTRAL IMPACT
Permian Resources has received mixed analyst ratings with a lowered average price target of $16.00. The company has demonstrated significant revenue growth but struggles with profitability and efficiency metrics.
The mixed analyst ratings and the decrease in the average price target suggest a neutral short-term impact on PR's stock price. The strong revenue growth is positive, but concerns about profitability and efficiency could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100