Permian Resources Corporation (NYSE:PR) is one of the Best Affordable Stocks to Buy According to Analysts. On December 22, Leo Mariani from Roth MKM reiterated a Buy rating on the stock with a price target of $16. Earlier on December 12, Josh Silverstein from UBS also reiterated a Buy rating on Permian Resources Corporation (NYSE:PR) and raised the price target from $17 to $19.
Analyst Josh Silverstein from UBS noted that after three years of limited gains, he sees 2026 to be a promising year for the energy sector. He added that this optimistic outlook is based on an improving oil and natural gas outlook, improved value creation through M&A activity, and cost and capital expenditure efficiencies. The analyst also noted that natural gas E&Ps are favored; he sees positive momentum broadly across the Oil E&Ps and OFS.
That said, Permian Resources Corporation (NYSE:PR) during its fiscal third quarter earnings raised its 2025 oil production outlook by 3.0 MBbls/d to 181.5 MBbls/d and raised its total production target by 9.0 MBoe/d to 394.0 MBoe/d. Management noted that the improved outlook is based on the strong well results.
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on acquiring, optimizing, and developing properties in the Permian Basin, particularly the Delaware Basin core.
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Disclosure: None. This article is originally published at Insider Monkey.
