Assessing Permian Resources: Insights From 14 Financial Analysts
Portfolio Pulse from Benzinga Insights
Permian Resources (NYSE:PR) has been evaluated by 14 analysts over the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target for PR is $19.57, up 5.5% from the previous $18.55, with a high estimate of $24.00 and a low of $16.00. Analyst actions include ratings adjustments and price target changes, reflecting evolving market conditions and company performance. Permian Resources, an oil and natural gas company, has shown a revenue growth rate of 47.42% as of December 31, 2023, but faces challenges in profitability, debt management, and returns on equity and assets.
April 09, 2024 | 2:01 pm
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Permian Resources has received mixed analyst ratings with an updated average 12-month price target of $19.57. The company has shown significant revenue growth but struggles with profitability, debt, and returns.
The mixed analyst ratings and the recent update in the average price target reflect a cautiously optimistic outlook for Permian Resources. The significant revenue growth indicates strong operational performance, which could support a positive stock price movement. However, the challenges in profitability, debt management, and returns could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100