---
title: "J.P. Morgan Reaffirms Their Buy Rating on Permian Resources (PR)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295797147.md"
description: "J.P. Morgan analyst Arun Jayaram reaffirmed a Buy rating on Permian Resources (PR) with a $28 price target, noting the stock closed at $21.45. This follows a recent Hold rating from Benchmark Co. and a Buy from Wells Fargo's Sam Margolin. Jayaram, who covers the Energy sector, has an 8.6% average return on recommendations."
datetime: "2026-08-13T12:07:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295797147.md)
  - [en](https://longbridge.com/en/news/295797147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295797147.md)
generator: "portal-rs"
---

# J.P. Morgan Reaffirms Their Buy Rating on Permian Resources (PR)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on Permian Resources, with a price target of $28.00. The company’s shares closed yesterday at $21.45.

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Jayaram covers the Energy sector, focusing on stocks such as Baker Hughes Company, Devon Energy, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 8.6% and a 60.25% success rate on recommended stocks. 

In addition to J.P. Morgan, Permian Resources also received a Buy from Wells Fargo’s Sam Margolin in a report issued today. However, on August 6, Benchmark Co. assigned a Hold rating to Permian Resources (NYSE: PR).

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## Related News & Research

- [Here's How Much $100 Invested In Permian Resources 5 Years Ago Would Be Worth Today](https://longbridge.com/en/news/297562330.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**