Evercore ISI Reiterates Buy Rating for Permian Resources
Permian Resources received a reiterated Buy rating from Evercore ISI with a $25 price target, a 32.56% upside from the current price.
Key Points
- Evercore ISI reiterated its Buy rating on Permian Resources (NYSE:PR) with a $25 price target on June 23, 2026.
- Evercore ISI Group's $25 price target implies 32.56% upside from Permian Resources Corporation's ($PR) current $18.86 share price.
- Shares of Permian Resources traded near $19 on Tuesday, with a market cap of $15.91 billion and a P/E ratio of 21.3.
- Recent insider activity shows several buys in May 2026, while analysts maintain a strong buy consensus with a $25.63 average target.
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On June 23, 2026, Evercore ISI Group reiterated its Buy rating for Permian Resources Corporation (NYSE:PR), setting a price target of $25. Analyst Chris Baker highlighted the stock's potential, maintaining confidence in its outlook.
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Analysts Set New Price Targets
On June 23, 2026, Evercore ISI Group reiterated its Buy rating for Permian Resources with a $25 price target. Roth Capital upgraded the stock to a Buy with a $23 target on June 22, 2026. Raymond James maintained a Buy rating with a $26 target on June 17, 2026. The consensus among analysts is a strong buy, with an average target price of $25.63 based on 19 opinions.
Permian Resources Corporation Stock Down 16.9%
Shares of NYSE:PR traded near $19 on Tuesday. Permian Resources has a market cap of $15.91 billion and a P/E ratio of 21.3. The stock's 52-week range is between $11.92 and $22.68, with a 50-day moving average of $20.19 and a 200-day moving average of $16.50. The company has a current ratio of 0.65 and a quick ratio of 0.61.
$PR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Permian Resources Corporation
Recent insider activity at Permian Resources includes several purchases in May 2026. On May 19, insiders Marquez Aron, Steven Gray, Robert Tichio, Maire Baldwin, and Jeffrey Tepper each bought shares at undisclosed prices. On May 21, EVP and CFO Guy Oliphint sold 62,769 shares at an average price of $20.44.
About Permian Resources Corporation
Permian Resources Corporation is an independent oil and natural gas company based in Midland, Texas. It focuses on developing crude oil and natural gas reserves, primarily in the Delaware Basin, a part of the Permian Basin. The company operates in Reeves County, Texas, and Lea County, New Mexico. Led by CEO William M. Hickey III, Permian Resources employs 515 people and was formerly known as Centennial Resource Development, Inc.
Bottom Line
Evercore ISI's reiterated Buy rating for Permian Resources with a $25 target suggests confidence in the company's future. Investors often track these analyst ratings for insight into a stock's potential. Remember, such ratings are based on past performance and market conditions, which can change.
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