Fintel reports that on March 24, 2026, Truist Securities initiated coverage of Permian Resources (NYSE:PR) with a Buy recommendation.
Analyst Price Forecast Suggests 5.05% Downside
As of February 25, 2026, the average one-year price target for Permian Resources is $18.91/share. The forecasts range from a low of $14.14 to a high of $22.05. The average price target represents a decrease of 5.05% from its latest reported closing price of $19.92 / share.
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The projected annual revenue for Permian Resources is 4,315MM, a decrease of 14.81%. The projected annual non-GAAP EPS is 2.21.
What is the Fund Sentiment?
There are 711 funds or institutions reporting positions in Permian Resources. This is an decrease of 434 owner(s) or 37.90% in the last quarter. Average portfolio weight of all funds dedicated to PR is 0.43%, an increase of 1.31%. Total shares owned by institutions decreased in the last three months by 16.31% to 741,438K shares. 
The put/call ratio of PR is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Barrow Hanley Mewhinney & Strauss holds 30,910K shares representing 3.84% ownership of the company. In its prior filing, the firm reported owning 31,410K shares , representing a decrease of 1.62%. The firm increased its portfolio allocation in PR by 12.78% over the last quarter.
Price T Rowe Associates holds 29,147K shares representing 3.62% ownership of the company. In its prior filing, the firm reported owning 35,998K shares , representing a decrease of 23.50%. The firm decreased its portfolio allocation in PR by 54.47% over the last quarter.
Bank of New York Mellon holds 25,154K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 11,671K shares , representing an increase of 53.60%. The firm increased its portfolio allocation in PR by 131.98% over the last quarter.
Post Oak Energy Holdings holds 21,049K shares representing 2.61% ownership of the company. No change in the last quarter.
EnCap Energy Capital Fund XI holds 19,291K shares representing 2.39% ownership of the company. No change in the last quarter.
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