This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Permian Resources (PR) Gets a Buy from Wells Fargo

Tipranks - Tipranks - Sat Jul 4, 1:10PM CDT

In a report released yesterday, Sam Margolin from Wells Fargo maintained a Buy rating on Permian Resources, with a price target of $26.00. The company’s shares closed yesterday at $18.20.

4th of July Sale - 70% Off

According to TipRanks, Margolin is a 5-star analyst with an average return of 11.5% and a 66.44% success rate. Margolin covers the Energy sector, focusing on stocks such as BP, Chevron, and Marathon Petroleum.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Permian Resources with a $24.85 average price target, implying a 36.54% upside from current levels. In a report released on June 29, Morgan Stanley also maintained a Buy rating on the stock with a $24.00 price target.

See the top stocks recommended by analysts >>

Based on Permian Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.39 billion and a net profit of $43.62 million. In comparison, last year the company earned a revenue of $1.38 billion and had a net profit of $329.3 million

Based on the recent corporate insider activity of 37 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.

Read More on PR:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).