William Blair analyst Neal Dingmann has maintained their bullish stance on PR stock, giving a Buy rating on October 21.
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Neal Dingmann has given his Buy rating due to a combination of factors that highlight Permian Resources’ strong performance and strategic initiatives. The company exceeded both William Blair’s and consensus estimates for the third quarter, showcasing its ability to generate record free cash flow per share. This achievement was largely attributed to operational efficiencies from scaled projects, such as the Haley pad, which outperformed expectations and peers.
Additionally, Permian Resources managed to increase its 2025 production guidance without raising capital expenditures, demonstrating effective cost management. The acquisition of additional leasehold and royalty acres further strengthens its position, while strategic marketing of gas to non-Waha destinations is expected to enhance future netbacks. The company’s share repurchase program and debt redemption efforts also reflect a strong financial strategy, contributing to Dingmann’s positive outlook on the stock.
In another report released on October 21, Piper Sandler also maintained a Buy rating on the stock with a $21.00 price target.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PR in relation to earlier this year.