In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Permian Resources (PR – Research Report), with a price target of $22.00. The company’s shares closed last Friday at $16.48.
According to TipRanks, Lear is a 5-star analyst with an average return of 6.3% and a 58.44% success rate. Lear covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Coterra Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Permian Resources with a $18.58 average price target, which is a 12.74% upside from current levels. In a report released on March 6, Mizuho Securities also maintained a Buy rating on the stock with a $18.00 price target.
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The company has a one-year high of $16.59 and a one-year low of $8.70. Currently, Permian Resources has an average volume of 10.09M.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PR in relation to earlier this year. Earlier this month, EnCap Partners GP, LLC, a Major Shareholder at PR sold 9,000,000.00 shares for a total of $141,390,000.00.
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Permian Resources (PR) Company Description:
Silver Run Acquisition Corporation operates as a special purpose acquisition company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Silver Run Acquisition focuses on acquiring a target business in the energy industry.
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- Permian Resources price target raised to $18 from $16 at Mizuho
- Permian Resources Capital Market Maneuvers and Stock Redemption
- Permian Resources price target raised to $18 from $17 at Wells Fargo
- Permian Resources 48.5M share Spot Secondary priced at $15.76
