Permian Resources (PR) Gets a Buy from Wells Fargo
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Sam Margolin maintained a Buy rating on Permian Resources (PR) with a $26.00 price target, noting the stock closed at $18.20. The broader market consensus is Strong Buy with an average target of $24.85. Additionally, Morgan Stanley recently maintained a Buy rating with a $24.00 target.
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.
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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.