
PR Stock Forecast & Price Target
PR Analyst Ratings
Bulls say
Permian Resources Corp is positioned for strong financial performance due to anticipated efficiency gains and contributions from recent acquisitions, particularly the OXY deal, which is expected to enhance oil volumes. The company’s projected third-quarter 2024 earnings per share and cash flow per share estimates have been modestly increased to $0.33 and $0.98, respectively, reflecting a strong production outlook despite some challenges from negative natural gas pricing. Furthermore, with a focus on capital efficiency improvements and substantial free cash flow generation, Permian Resources is expected to implement a robust shareholder-return strategy, solidifying its competitive position within the industry.
Bears say
The analysis indicates a negative outlook for Permian Resources Corp due to anticipated underperformance in well results and productivity, which could adversely affect stock performance. Additionally, the company's challenges in generating synergies and reducing well costs from its combined operations could hinder financial objectives. Lastly, consistently weaker commodity prices below $55 per barrel and $2.50 per Mcf may necessitate a reduction in operational activity to maintenance capital levels, further impacting financial performance.
This aggregate rating is based on analysts' research of Permian Resources Corp and is not a guaranteed prediction by Public.com or investment advice.
PR Analyst Forecast & Price Prediction
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