Permian Resources (PR – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Subash Chandra from Benchmark Co. maintained a Buy rating on the stock and has a $14.00 price target.
Subash Chandra has given his Buy rating due to a combination of factors that highlight Permian Resources’ strong financial performance and strategic acquisitions. The company reported an adjusted EBITDA of $1.045 billion, surpassing both consensus and Benchmark’s expectations, with volumes exceeding projections by 3%, primarily driven by gas. This significant earnings beat positions Permian Resources as one of the top performers this quarter.
Additionally, the company’s strategic acquisition in the Northern Delaware area, which includes 12,000 boepd with a favorable cost structure, enhances its asset base with low-decline wells and competitive breakevens. Despite trimming 2025 activities, Permian Resources has demonstrated robust free cash flow generation, allowing it to reduce debt and increase cash reserves. The company’s successful share buybacks further underscore its financial strength, as it managed to profit from these transactions unlike many peers.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $19.00 price target.
PR’s price has also changed moderately for the past six months – from $14.920 to $13.010, which is a -12.80% drop .