Seaport Global Initiates Coverage of Permian Resources (PR) at Buy
Fintel reports that on September 3, 2026, Seaport Global initiated coverage of Permian Resources (NYSE:PR) with a Buy recommendation. This initiation of coverage aligns with Seaport Global's same-day action on September 3, 2026. Permian Resources Corporation, based in the United States, operates within the energy sector, primarily focusing on oil and natural gas exploration and production. The company's core operations are centered in the Permian Basin, a prolific oil-rich region that spans parts of Texas and New Mexico, where it engages in the acquisition, development, and exploration of oil and natural gas properties.
On the day of the rating action, September 3, 2026, the latest close for the stock was $23.74, following a pre-action close of $23.82 on September 2, 2026. Looking at recent performance, the stock experienced a price change of +2.42% over one week, starting from a baseline close of $23.18 on August 27, 2026. Over a one-month period, the price change was +13.59% from a baseline close of $20.90 on August 3, 2026. Prior to this, on August 5, 2026, Permian Resources reported its latest earnings. The company posted an actual EPS of 0.93, compared to the EPS estimate of 0.5988, representing an EPS surprise of +55.31%. The actual revenue for the quarter was $1,858,035,000,000,000.00, which exceeded the revenue estimate of $1,719,337,727,000,000.00.
Separately from Seaport Global's individual rating, aggregate consensus data from August 28, 2026, showed a current consensus target mean of $25.28 and a median target of $25.50. This mean target represents an implied change of +6.51% from previous levels. The prior consensus target mean was $24.83 as of August 4, 2026, reflecting a consensus target revision of +1.85%. In terms of broader analyst sentiment, the current recommendation period as of September 1, 2026, recorded 9 strong buy, 19 buy, 3 hold, 0 sell, and 0 strong sell recommendations, totaling 31 recommendations. This breakdown represents 90.3% positive, 9.7% hold, and 0.0% negative recommendations. These figures remained unchanged from the prior recommendation period as of August 1, 2026, which also reported 9 strong buy, 19 buy, 3 hold, 0 sell, and 0 strong sell recommendations, totaling 31 recommendations with 90.3% positive, 9.7% hold, and 0.0% negative sentiment.
Other financial institutions have also recently updated their outlooks on Permian Resources. On August 13, 2026, Wells Fargo maintained its Overweight rating on the stock, keeping its previous Overweight recommendation. Prior to that, on August 10, 2026, Truist Securities maintained its Buy rating, keeping its previous Buy recommendation.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 3, 2026 | Seaport Global | Buy | initiated coverage | |
| August 13, 2026 | Wells Fargo | Overweight | Overweight | maintained |
| August 10, 2026 | Truist Securities | Buy | Buy | maintained |
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This story originally appeared on Fintel.