Piper Sandler Keeps Their Buy Rating on Permian Resources (PR)

Piper Sandler analyst Mark Lear maintained a Buy rating on Permian Resources (PR – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $17.81.

Lear covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Vital Energy. According to TipRanks, Lear has an average return of 9.5% and a 62.24% success rate on recommended stocks.

In addition to Piper Sandler, Permian Resources also received a Buy from RBC Capital’s Scott Hanold in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Permian Resources (NYSE: PR).

The company has a one-year high of $18.28 and a one-year low of $8.70. Currently, Permian Resources has an average volume of 10.02M.

Based on the recent corporate insider activity of 44 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. Last month, John Charles Bell, the EVP & GC of PR sold 500,000.00 shares for a total of $7,855,000.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.