BofA Raises its Price Target on Permian Resources (PR) to $22

Permian Resources Corporation (NYSE:PR) is one of the

10 All-Time High But Still Undervalued Stocks to Invest In.

On April 27, 2026, BofA raised its price target on Permian Resources Corporation (NYSE:PR) to $22 from $20 and maintained a Neutral rating as part of a broader update on U.S. oil and gas names. The firm said it expects a market environment shaped by de-escalation efforts alongside recurring geopolitical flare-ups and elevated risks.

On April 21, 2026, Scotiabank analyst Betty Zhang raised the price target on Permian Resources Corporation (NYSE:PR) to $25 from $21 and kept an Outperform rating. Scotiabank said its outlook on the energy sector remains mixed, with earnings estimates generally above consensus for E&P companies but below for independent refiners, while investors are likely to focus on whether recent oil market volatility affects activity levels in 2026 and beyond.

Earlier in April, KeyBanc analyst Tim Rezvan initiated coverage of Permian Resources Corporation (NYSE:PR) with an Overweight rating and a $25 price target. Tim Rezvan said the firm remains constructive on oil-focused companies and believes medium-term oil futures prices are too low. The analyst also pointed to the company’s transition to investment-grade debt as supportive of improved natural gas realizations and lower borrowing costs.

Permian Resources Corporation (NYSE:PR) develops crude oil and liquids-rich natural gas reserves in the United States.

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