This morning Mark Lear, a 5-Star rated energy sector analyst at Piper Sandler sent a new report on PR to TipRanks.
He rates it a BUY with a price target of $22.00
Since April 5th five energy sector analysts have updated their price targets for TipRanks. The average is $20.80 with a range of $17.00 by RBC Capital and $24.00 by Raymond James.
My current valuation of PR is $22.50
At the time of this post PR was trading at $18.02
PR is going to report a significant increase in production from Q4 to Q1 because Q1 is the first full quarter of results since the merger with Earthstone Energy that closed on November 1, 2023.
Permian Resources (PR) Price Target Update - Apr 12
Permian Resources (PR) Price Target Update - Apr 12
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group