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Truist Securities adjusted its price target for Permian Resources Corp (NYSE:PR) from $24 to $21, citing changes in its financial model. However, the firm maintained its Buy rating on the stock, indicating a continued positive outlook on the company's shares.

Permian Resources (PR) has outperformed the market over the past 5 years, producing an average annual return of 18.36%. Investing $1,000 in PR 5 years ago would be worth $2,235.38 today.

BMO Capital upgraded Permian Resources' stock rating to Outperform, citing the company's expanded operations in the Delaware Basin, strong operational execution, and strategic mergers and acquisitions. The firm also set a new price target of $21, indicating a positive outlook on the stock's future performance.

Permian Resources (NYSE:PR) underwent analysis by 14 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 4 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 5 2 1 0 0 3M Ago 3 2 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $20.57, a high estimate of $24.00, and a low estimate of $17.00. This upward trend is evident, with the current average reflecting a 4.42% increase from the previous average price target of $19.70. Breaking Down Analyst Ratings: A Detailed Examination The perception of Permian Resources by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Noah Hungness B of A Securities Announces Buy $20.00 - Nitin Kumar Mizuho Raises Buy $22.00 $21.00 Nitin Kumar Mizuho Raises Buy $21.00 $20.00 Subash Chandra Benchmark Maintains Buy $17.00 - Neal Dingmann Truist Securities Raises Buy $23.00 $22.00 Biju Perincheril Susquehanna Raises Neutral $18.00 $16.00 Mark Lear Piper Sandler Raises Overweight $23.00 $22.00 Hanwen Chang Wells Fargo Raises Overweight $21.00 $18.00 Nitin Kumar Mizuho Raises Buy $20.00 $18.00 Scott Hanold RBC Capital Maintains Outperform $17.00 - Arun Jayaram JP Morgan Raises Overweight $20.00 $18.00 John Freeman Raymond James Announces Strong Buy $24.00 - Neal Dingmann Truist ...Full story available on Benzinga.com

Devon Energy continues to miss out on potential deals.

Permian Resources (PR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

In the last three months, 20 analysts have published ratings on Permian Resources (NYSE:PR), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 11 7 2 0 0 Last 30D 1 0 0 0 0 1M Ago 4 4 1 0 0 2M Ago 2 0 0 0 0 3M Ago 4 3 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Permian Resources, presenting an average target of $19.85, a high estimate of $24.00, and a low estimate of $16.00. Observing a 6.95% increase, the current average has risen from the previous average price target of $18.56. Analyzing Analyst Ratings: A Detailed Breakdown A comprehensive examination of how financial experts perceive Permian Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Nitin Kumar Mizuho Raises Buy $21.00 $20.00 Subash Chandra Benchmark Maintains Buy $17.00 - Neal Dingmann Truist Securities Raises Buy $23.00 $22.00 Biju Perincheril Susquehanna Raises Neutral $18.00 $16.00 Mark Lear Piper Sandler Raises Overweight $23.00 $22.00 Hanwen Chang Wells Fargo Raises Overweight $21.00 $18.00 Nitin Kumar Mizuho Raises Buy $20.00 $18.00 Scott Hanold RBC Capital Maintains Outperform $17.00 - Arun Jayaram JP Morgan Raises Overweight $20.00 $18.00 John Freeman Raymond James Announces Strong Buy $24.00 - Neal Dingmann Truist Securities Lowers Buy $22.00 $24.00 Derrick Whitfield Stifel Raises Buy $20.00 $18.00 Nitin Kumar Mizuho Raises Buy $18.00 $16.00 Mark Lear Piper Sandler Raises Overweight $22.00 $17.00 Scott Hanold RBC Capital Maintains Outperform $17.00 - Subash Chandra Benchmark Raises Buy $17.00 $16.00 Hanwen Chang Wells Fargo Raises Overweight $18.00 $17.00 Paul Diamond Citigroup Raises Buy $19.00 $17.00 Neal Dingmann Truist Securities Raises Buy $24.00 $23.00 Biju Perincheril Susquehanna Raises Neutral $16.00 $15.00 Key ...Full story available on Benzinga.com

Style Box ETF report for IWN

Permian Resources (PR) delivered earnings and revenue surprises of 16.67% and 6.39%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Talos Energy (TALO) delivered earnings and revenue surprises of 55.17% and 6.42%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Permian Resources (PR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.