Permian Resources (PR) Receives a Rating Update from a Top Analyst

In a report released yesterday, Leo Mariani from Roth MKM maintained a Buy rating on Permian Resources, with a price target of $20.00.

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Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Murphy Oil, and Coterra Energy. According to TipRanks, Mariani has an average return of 35.6% and a 71.77% success rate on recommended stocks.

In addition to Roth MKM, Permian Resources also received a Buy from Piper Sandler’s Mark Lear in a report issued yesterday. However, on March 5, Benchmark Co. downgraded Permian Resources (NYSE: PR) to a Hold.

Based on Permian Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $339.51 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $216.65 million

Based on the recent corporate insider activity of 32 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. Earlier this month, Shannon Robert Regan, the EVP, Chief Accounting Officer of PR sold 8,865.00 shares for a total of $163,625.50.