---
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)
---

# 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.

### Claim 55% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

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).

### Related Stocks

- [PR.US](https://longbridge.com/en/quote/PR.US.md)
- [JPM.US](https://longbridge.com/en/quote/JPM.US.md)
- [BKR.US](https://longbridge.com/en/quote/BKR.US.md)
- [DVN.US](https://longbridge.com/en/quote/DVN.US.md)
- [XOM.US](https://longbridge.com/en/quote/XOM.US.md)
- [WFC.US](https://longbridge.com/en/quote/WFC.US.md)
- [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md)
- [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md)
- [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md)
- [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md)
- [8634.JP](https://longbridge.com/en/quote/8634.JP.md)
- [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md)
- [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md)
- [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md)
- [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md)
- [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md)
- [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md)
- [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md)
- [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md)

## Related News & Research

- [PR: Record Q2'26 free cash flow and raised FY'26 oil production guidance highlight strong performance](https://longbridge.com/en/news/295052155.md)
- [Permian Resources Q2 oil output rises 3%, raises 2026 guidance](https://longbridge.com/en/news/295013847.md)
- [Goldman Sachs Sticks to Its Buy Rating for Conocophillips (COP)](https://longbridge.com/en/news/295500741.md)
- [Berenberg Bank Reaffirms Their Buy Rating on GEA Group AG (0MPJ)](https://longbridge.com/en/news/295516401.md)
- [Wells Fargo Gives a Buy Rating to NIQ Global Intelligence PLC (NIQ)](https://longbridge.com/en/news/295526976.md)