Permian Resources Corp saw a price increase of 5.00%, crossing above its 5-day SMA, amidst a generally weak market with the Nasdaq-100 down 0.80% and the S&P 500 down 0.11%.
This surge is attributed to the completion of a share reorganization, where management exchanged approximately 35.5 million Class C shares for Class A shares, enhancing alignment between management ownership and public investors. This structural simplification is expected to improve governance transparency and reinforce the company's market position in the Permian Basin, despite the broader market's decline.
The successful completion of this reorganization indicates a positive outlook for Permian Resources as it continues to focus on optimizing its asset portfolio, aiming for leading returns in a competitive oil and gas market.
Wall Street analysts forecast PR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PR is 18.33 USD with a low forecast of 14.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
Wall Street analysts forecast PR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PR is 18.33 USD with a low forecast of 14.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.540
Low
14.00
Averages
18.33
High
21.00
Current: 15.540
Low
14.00
Averages
18.33
High
21.00
Wells Fargo
Hanwen Chang
Overweight
maintain
$16 -> $17
2026-01-27
New
Reason
Wells Fargo
Hanwen Chang
Price Target
$16 -> $17
AI Analysis
2026-01-27
New
maintain
Overweight
Reason
Wells Fargo analyst Hanwen Chang raised the firm's price target on Permian Resources to $17 from $16 and keeps an Overweight rating on the shares. The oil macro remains pressured, with downside-skewed fundamentals as rising OPEC supply and strong non-OPEC growth point to a near-term surplus and continued price pressure, Wells notes. Amid a softer macro, the firm favors low-reinvestment, capital-disciplined frameworks, with 2026 plans broadly stable across the group.
Susquehanna
Positive
maintain
$20 -> $18
2026-01-26
New
Reason
Susquehanna
Price Target
$20 -> $18
2026-01-26
New
maintain
Positive
Reason
Susquehanna lowered the firm's price target on Permian Resources to $18 from $20 and keeps a Positive rating on the shares. The firm updated targets in the exploration and production group as part of a Q4 preview. The oil market remains oversupplied following the unwinding of OPEC's voluntary production cuts, which will put downward pressure on pricing when paired with soft demand growth globally, the analyst tells investors in a research note. Susquehanna dropped its 2026 West Texas Intermediate price assumption to $60 per barrel from $65. It remains bullish on long-term demand story for natural gas as well as growing power demand from data centers and electrification.
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Morgan Stanley
Overweight
downgrade
$19 -> $18
2026-01-23
Reason
Morgan Stanley
Price Target
$19 -> $18
2026-01-23
downgrade
Overweight
Reason
Morgan Stanley lowered the firm's price target on Permian Resources to $18 from $19 and keeps an Overweight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
BofA
Noah Hungness
Buy -> Neutral
downgrade
$17 -> $16
2026-01-16
Reason
BofA
Noah Hungness
Price Target
$17 -> $16
2026-01-16
downgrade
Buy -> Neutral
Reason
BofA analyst Noah Hungness downgraded Permian Resources to Neutral from Buy with a price target of $16, down from $17, following strong relative performance in 2025. For 2026, the firm remains cautious on the oil backdrop and continues to favor companies with resilient portfolios and low breakevens that fully cover capex and dividends in this environment, the analyst tells investors.
About PR
Permian Resources Holdings Inc, formerly Permian Resources Corporation, is an independent oil and natural gas company. The Company is focused on the acquisition, optimization and development of oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin. Its position consists of approximately 475,000 net acres in West Texas and Southeast New Mexico. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
