Beyond The Numbers: 6 Analysts Discuss Permian Resources Stock
Portfolio Pulse from Benzinga Insights
Six analysts have recently shared varied opinions on Permian Resources (NYSE:PR), with ratings ranging from bullish to bearish. The average 12-month price target is now $17.00, down from $17.75. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Permian Resources, an independent oil and natural gas company, has shown a revenue growth of 37.97% as of September 30, 2023, but faces challenges with profitability, asset utilization, and debt management.
February 29, 2024 | 2:00 pm
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NEUTRAL IMPACT
Permian Resources has received mixed analyst ratings, with a revised average 12-month price target of $17.00. The company reported significant revenue growth but faces challenges in profitability, asset utilization, and debt management.
The mixed analyst ratings and the adjustment in the average price target reflect uncertainty and varied expectations for Permian Resources' future performance. The company's strong revenue growth is a positive sign, but issues with profitability, asset utilization, and high debt levels could hinder its stock performance in the short term. The overall neutral score is due to these competing factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100