Beyond The Numbers: 16 Analysts Discuss Permian Resources Stock
Portfolio Pulse from Benzinga Insights
16 analysts have provided varied opinions on Permian Resources (NYSE:PR) over the past quarter, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has declined by 5.63% to $18.94. Analysts have adjusted their ratings and price targets in response to market dynamics, with some lowering their targets. Permian Resources has shown strong financial performance with significant revenue growth and profitability metrics exceeding industry averages.
September 30, 2024 | 12:00 pm
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Permian Resources (NYSE:PR) has received mixed analyst ratings, with a decline in the average 12-month price target by 5.63% to $18.94. Despite this, the company shows strong financial performance with significant revenue growth and profitability metrics exceeding industry averages.
The mixed analyst ratings and the decline in the average price target suggest a neutral short-term impact on PR's stock price. However, the company's strong financial performance, with high revenue growth and profitability, provides a positive outlook, balancing the negative sentiment from the lowered price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100