Permian Resources (PR) Receives a Buy from UBS

In a report released today, Josh Silverstein from UBS reiterated a Buy rating on Permian Resources, with a price target of $17.00. The company’s shares opened today at $12.44.

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Silverstein covers the Energy sector, focusing on stocks such as Chevron, Occidental Petroleum, and Exxon Mobil. According to TipRanks, Silverstein has an average return of 6.2% and a 54.36% success rate on recommended stocks.

Permian Resources has an analyst consensus of Strong Buy, with a price target consensus of $18.28, representing a 46.95% upside. In a report released today, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $17.00 price target.

PR market cap is currently $10.29B and has a P/E ratio of 7.92.

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.