Benchmark Co. Remains a Buy on Permian Resources (PR)

In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on Permian Resources (PR – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $17.17.

Chandra covers the Energy sector, focusing on stocks such as Antero Resources, Talos Energy, and APA. According to TipRanks, Chandra has an average return of 13.4% and a 51.97% success rate on recommended stocks.

Permian Resources has an analyst consensus of Strong Buy, with a price target consensus of $19.67, implying a 14.56% upside from current levels. In a report released yesterday, Truist Financial also assigned a Buy rating to the stock with a $23.00 price target.

PR market cap is currently $12.55B and has a P/E ratio of 13.87.

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, Walter James H, the Co- CEO of PR sold 4,000,000.00 shares for a total of $62,840,000.00.

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.