Analyst Price Target is $18.87
▲ +26.28% Upside Potential
This price target is based on 16 analysts offering 12 month price targets for Permian Resources in the last 3 months. The average price target is $18.87, with a high forecast of $24.00 and a low forecast of $14.00. The average price target represents a 26.28% upside from the last price of $14.94.
Current Consensus is
Moderate Buy
The current consensus among 16 contributing investment analysts is to moderate buy stock in Permian Resources. This rating has held steady since July 2024, when it changed from a Buy consensus rating.
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
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