PR Price Prediction Next Week
Analysis and Insights
News Sentiment and Insider Activity:
- Director's Stock Purchase: Permian Resources' director William Quinn purchased 250,000 shares for $3.02 million, indicating confidence in the company's prospects.
- Analyst Ratings Update: Recent price target adjustments include a decrease to $20 from $21 at Piper Sandler and an upgrade to Positive by Susquehanna, suggesting mixed analyst sentiment.
- Insider Trading Activity: EVP Guy M. Oliphint sold 4,150 shares, representing about 3.1% of his holdings, while institutional investors showed mixed sentiment with 304 increasing positions and 276 reducing theirs.
Technical Analysis:
- RSI: The Relative Strength Index (RSI) for PR is 28.74 (6-period), 30.82 (12-period), and 31.90 (14-period), indicating the stock is in oversold territory, which may signal a potential rebound .
- Stochastic Oscillator: The Stochastic K is at 22.63, and D is at 16.87, further confirming oversold conditions .
- MACD: The MACD line (-0.56) is below the signal line (-0.17), indicating bearish momentum .
- Fibonacci Levels: The stock is trading near the lower support levels, with a pivot point at 13.26, resistance at 14.34, and support at 12.19 .
Price Prediction:
Given the oversold conditions and potential for a technical bounce, the stock is likely to experience a short-term rebound. However, the overall bearish momentum suggests limited upside.
Predicted Price for Next Trading Week: $13.50
Buy/Sell Recommendation:
Buy: The stock is oversold, and the director's purchase may signal undervaluation. However, this is a cautious buy with expectations of a modest rebound.
PR Similar Chart Price Prediction
The price of PR is predicted to go up -5.2%, based on the high correlation periods with BRY. The similarity of these two price pattern on the periods is 97.68%.
PR
BRY
Down: -5.2%Similarity: 97.68%
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PR Analyst's Forecast
Arun Jayaram
JP Morgan
Buy
2025-03-13
Price Target
$21 → $18
Upside
+39.21%
JPMorgan analyst Arun Jayaram lowered the firm's price target on Permian Resources to $18 from $21 and keeps an Overweight rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
Mark Lear
Piper Sandler
Buy
2025-03-06
Price Target
$21 → $20
Upside
+60.77%
Biju Perincheril
Susquehanna
Hold → Buy
2025-03-05
Price Target
$17 → $20
Upside
+60.9%
