Weekly Investment Analysts’ Ratings Updates for Permian Resources (PR)

by · The Cerbat Gem

Several brokerages have updated their recommendations and price targets on shares of Permian Resources (NYSE: PR) in the last few weeks:

  • 4/22/2026 – Permian Resources had its price target raised by Scotiabank from $21.00 to $25.00. They now have a “sector outperform” rating on the stock.
  • 4/14/2026 – Permian Resources had its price target raised by Truist Financial Corporation from $24.00 to $25.00. They now have a “buy” rating on the stock.
  • 4/10/2026 – Permian Resources had its price target raised by Wells Fargo & Company from $21.00 to $27.00. They now have an “overweight” rating on the stock.
  • 4/8/2026 – Permian Resources had its “neutral” rating reaffirmed by Roth Mkm. They now have a $22.00 price target on the stock, up from $20.00.
  • 4/7/2026 – Permian Resources was upgraded by BMO Capital Markets from “hold” to “strong-buy”.
  • 4/7/2026 – Permian Resources is now covered by KeyCorp. They set an “overweight” rating and a $25.00 price target on the stock.
  • 4/6/2026 – Permian Resources was upgraded by KeyCorp to “strong-buy”.
  • 3/31/2026 – Permian Resources had its price target raised by Citigroup Inc. from $21.00 to $26.00. They now have a “buy” rating on the stock.
  • 3/27/2026 – Permian Resources had its “overweight” rating reaffirmed by Morgan Stanley.
  • 3/27/2026 – Permian Resources was upgraded by Zacks Research from “hold” to “strong-buy”.
  • 3/27/2026 – Permian Resources was upgraded by Scotiabank to “strong-buy”.
  • 3/24/2026 – Permian Resources is now covered by Truist Financial Corporation. They set a “buy” rating and a $24.00 price target on the stock.
  • 3/23/2026 – Permian Resources was upgraded by Truist Financial Corporation to “strong-buy”.
  • 3/17/2026 – Permian Resources had its price target raised by TD Cowen from $20.00 to $22.00. They now have a “buy” rating on the stock.
  • 3/16/2026 – Permian Resources had its price target raised by Wells Fargo & Company from $17.00 to $21.00. They now have an “overweight” rating on the stock.
  • 3/12/2026 – Permian Resources had its price target raised by Piper Sandler from $24.00 to $27.00. They now have an “overweight” rating on the stock.
  • 3/11/2026 – Permian Resources had its price target raised by The Goldman Sachs Group, Inc. from $17.00 to $22.00. They now have a “buy” rating on the stock.
  • 3/6/2026 – Permian Resources was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
  • 3/6/2026 – Permian Resources had its price target raised by Citigroup Inc. from $17.00 to $21.00. They now have a “buy” rating on the stock.
  • 3/5/2026 – Permian Resources had its price target raised by Piper Sandler from $20.00 to $24.00. They now have an “overweight” rating on the stock.
  • 3/5/2026 – Permian Resources had its price target raised by UBS Group AG from $19.00 to $23.00. They now have a “buy” rating on the stock.
  • 3/5/2026 – Permian Resources was downgraded by Benchmark Co. from “buy” to “hold”.
  • 3/2/2026 – Permian Resources had its price target raised by Royal Bank Of Canada from $18.00 to $20.00. They now have an “outperform” rating on the stock.
  • 2/26/2026 – Permian Resources had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $21.00 price target on the stock.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.16 dividend. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 17th. This represents a $0.64 annualized dividend and a yield of 3.1%. Permian Resources’s dividend payout ratio (DPR) is 51.20%.

Insiders Place Their Bets

In other Permian Resources news, Director William J. Quinn sold 512,429 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $19.59, for a total transaction of $10,038,484.11. Following the completion of the sale, the director directly owned 6,914,410 shares in the company, valued at $135,453,291.90. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Guy M. Oliphint sold 4,999 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total transaction of $91,381.72. Following the sale, the executive vice president owned 605,272 shares of the company’s stock, valued at $11,064,372.16. This trade represents a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,130,066 shares of company stock worth $58,837,655 in the last three months. Insiders own 6.44% of the company’s stock.

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.

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