Piper Sandler Maintains Overweight on Permian Resources, Lowers Price Target to $20
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: Benzinga
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Analyst Views on PR
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
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
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.
Permian Resources (PR) to Report Q4 and FY 2025 Results on February 25, 2026
- Earnings Release Schedule: Permian Resources will report its fourth quarter and full year 2025 financial and operating results after market close on February 25, 2026, providing crucial performance data for investors to assess the company's standing.
- Conference Call Timing: Management will host an earnings conference call on February 26, 2026, at 9:00 a.m. Central (10:00 a.m. Eastern), with investors invited to participate by dialing (800) 549-8228 at least 15 minutes prior to the start.
- Replay Availability: A replay of the call will be accessible on the company's website or by phone at (888) 660-6264 for 14 days following the call, allowing investors who missed the live event to catch up on the information.
- Company Background: Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on achieving peer-leading returns through the acquisition and development of high-return oil and gas properties, holding approximately 475,000 net acres and ranking as the second largest pure-play E&P in the Permian Basin.
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Bank of America Downgrades ConocoPhillips (COP) to Underperform with $102 Price Target
- Rating Downgrade: Bank of America downgraded ConocoPhillips (COP) from Neutral to Underperform with a price target of $102, citing its $53/bbl oil breakeven point as uncompetitive within the E&P sector.
- Cash Flow Forecast: BofA forecasts ConocoPhillips will generate $16.6 billion in operating cash flow and $5 billion in free cash flow, indicating the company cannot sustain its current capital return pace of approximately 45% of operating cash flow, which may impact shareholder returns.
- Shareholder Return Limitations: If returns are confined to cash flow generation, total shareholder returns would be around $5 billion, or approximately 30%, at the low end of management's target range, potentially leaving insufficient funds for buybacks to meet investor expectations.
- Competitor Performance: BofA named Ovintiv (OVV) as its top oil pick for 2026, supported by a disciplined capital allocation strategy in high-return core assets, which is expected to significantly enhance buyback capacity and establish a 100% cash-return framework.
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