PR Price Prediction Next Week
Technical Analysis: Based on technical indicators, PR is showing mixed signals. RSI(14) at 40.48 indicates the stock is approaching oversold territory but not yet at extreme levels. MACD at -0.11 suggests bearish momentum in the short term. The stock is currently trading above its 200-day SMA of $14.93, indicating a generally bullish long-term trend.
News Impact: Recent news shows positive momentum for PR. The company is scheduled to release Q4 earnings on February 25, 2025. Historical data shows PR has beaten earnings estimates in the last four quarters with an average surprise of 10.11%. The stable oil price environment in Q4 2024 ($70-72/barrel range) should support favorable earnings results.
Insider Activity: Recent insider activity shows mixed signals. EVP Guy M Oliphint sold 8,761 shares on January 3, 2025, representing 6.1% of his holdings. However, institutional investors show overall positive sentiment with 317 institutions increasing positions versus 183 decreasing in the latest quarter.
Price Projection for Next Week: Based on Fibonacci levels and current technical setup:
- Support levels: $14.15 (S1), $13.81 (S2)
- Resistance levels: $15.28 (R1), $15.63 (R2)
Expected price range: $14.15-$15.28
Recommendation: HOLD The stock is likely to trade sideways with slight bearish bias in the coming week due to negative MACD and moderate RSI. Wait for earnings announcement on February 25 before making new positions. Current technical setup suggests limited downside risk with strong support at $14.15.
PR Similar Chart Price Prediction
The price of PR is predicted to go up 8.54%, based on the high correlation periods with WWW. The similarity of these two price pattern on the periods is 97.58%.
PR
WWW
Up: 8.54%Similarity: 97.58%
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PR Analyst's Forecast
Devin McDermott
Morgan Stanley
Buy
2025-01-10
Price Target
$19
Upside
+25.5%
Morgan Stanley analyst Devin McDermott initiated coverage of Permian Resources with an Overweight rating and $19 price target amid a broader research note on the North American E&Ps. Permian Resources is differentiated by a high-quality asset base, capital efficient growth, and a low cost structure, supporting sustainable and growing free cash flow generation, the analyst tells investors in a research note. The firm sees upside to long-term value creation from further efficiency capture from continuous focus on cost reduction and potential opportunistic M&A.
Mark Lear
Piper Sandler
Buy
2024-12-17
Price Target
$21 → $20
Upside
+43.16%
Mark Lear
Piper Sandler
Buy
2024-10-15
Price Target
$21 → $20
Upside
+47.28%
