Siebert Williams Shank & Co Sticks to Their Buy Rating for Permian Resources (PR)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Permian Resources today and set a price target of $19.00.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 14.5% and a 63.92% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and Ovintiv.

In a report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $20.50 price target.

Based on Permian Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.32 billion and a net profit of $59.23 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $386.38 million

Based on the recent corporate insider activity of 35 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, Hickey William M III, the Co- CEO of PR sold 777,705.00 shares for a total of $10,634,216.95.