10 Best Energy Stocks to Buy For the Long Term

Page 9 of 9

1. Permian Resources Corporation (NYSE:PR)

5-Year Sales Growth: 39.57%

Number of Hedge Fund Holders: 52

Analyst Upside Potential: 33.73%

Permian Resources Corporation (NYSE:PR) is one of the best energy stocks to buy for the long term. On August 13, Wells Fargo reiterated an ‘Overweight’ rating on the stock and raised the price target to $21 from $20. The positive stance follows the company’s second-quarter results that were in line with the research firm’s estimates.

The company posted earnings per share of $0.27 and revenue of $1.2 billion. The Permian Basin maintains strong fundamentals, characterized by a 74% gross profit margin and an impressive revenue growth rate of 16.4% over the last 12 months.

Wells Fargo remains confident about Permian Resources’ long-term prospects, owing to its differentiated Permian inventory and sustained capital efficiencies. The research firm expects the company to achieve a free cash flow of $1.6 billion for the full year, reflecting assumptions of cost deflation and commodity price realizations.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on acquiring, optimizing, and developing high-return oil and natural gas properties in the Permian Basin, with a particular emphasis on the Delaware Basin.

While we acknowledge the potential of Permian Resources Corporation (NYSE:PR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Industrial Stocks to Buy Amid Easing Tariff Uncertainties and 12 Best Falling Stocks to Buy Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 9 of 9