Siebert Williams Shank & Co Keeps Their Buy Rating on Permian Resources (PR)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Permian Resources today and set a price target of $17.00. The company’s shares closed last Friday at $12.20.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 25.1% and a 60.21% success rate. Sorbara covers the Energy sector, focusing on stocks such as Vital Energy, Chord Energy, and Expand Energy.

Permian Resources has an analyst consensus of Strong Buy, with a price target consensus of $18.28, a 49.84% upside from current levels. In a report released on October 10, Mizuho Securities also reiterated a Buy rating on the stock with a $19.00 price target.

The company has a one-year high of $16.33 and a one-year low of $10.01. Currently, Permian Resources has an average volume of 11.85M.

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. Last month, John Charles Bell, the EVP & GC of PR sold 4,743.00 shares for a total of $67,398.03.