News

Fintel reports that on June 14, 2024, UBS upgraded their outlook for Permian Resources (NYSE:PR) from Neutral to Buy.

Analyst Price Forecast Suggests 40.82% Upside

As of June 12, 2024, the average one-year price target for Permian Resources is 21.16. The forecasts range from a low of 17.17 to a high of $25.20. The average price target represents an increase of 40.82% from its latest reported closing price of 15.03.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Permian Resources is 3,374MM, a decrease of 9.97%. The projected annual non-GAAP EPS is 2.07.

What is the Fund Sentiment?

There are 970 funds or institutions reporting positions in Permian Resources. This is an increase of 77 owner(s) or 8.62% in the last quarter. Average portfolio weight of all funds dedicated to PR is 0.68%, an increase of 7.72%. Total shares owned by institutions increased in the last three months by 8.92% to 682,131K shares.

The put/call ratio of PR is 0.35, indicating a bullish outlook.

What are Other Shareholders Doing?

Riverstone Holdings holds 44,987K shares representing 7.21% ownership of the company. In its prior filing, the firm reported owning 49,822K shares , representing a decrease of 10.75%. The firm increased its portfolio allocation in PR by 2.48% over the last quarter.

EnCap Energy Capital Fund XI holds 22,825K shares representing 3.66% ownership of the company. In its prior filing, the firm reported owning 26,006K shares , representing a decrease of 13.94%. The firm increased its portfolio allocation in PR by 42.40% over the last quarter.

Post Oak Energy Holdings holds 21,049K shares representing 3.37% ownership of the company. No change in the last quarter.

Nuveen Asset Management holds 17,541K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 18,757K shares , representing a decrease of 6.93%. The firm decreased its portfolio allocation in PR by 33.65% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,426K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 15,268K shares , representing an increase of 7.05%. The firm increased its portfolio allocation in PR by 27.36% over the last quarter.

Permian Resources Background Information
(This description is provided by the company.)

Centennial is an independent oil and natural gas company focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets and operations, which are held and conducted through CRP, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

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