13 Most Undervalued Stocks Under $20 to Buy

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1. Permian Resources Corporation (NYSE:PR)

Share Price: $12.80

Forward P/E: 9.75

Number of Hedge Fund Holders: 49

Permian Resources Corporation (NYSE:PR) is among the 13 Most Undervalued Stocks Under $20 to Buy. On November 6, Roth Capital lifted its price target on the stock to $16 from $15, while keeping a Buy rating on its shares.

The analyst noted the company’s strong operational performance during the third quarter of fiscal 2025, which resulted in its highest-ever quarterly free cash flow per share. Moreover, oil production was reported at 187,000 barrels per day, which surpassed expectations and was 6% higher sequentially.

CEO William Hickey attributed the operational efficiencies to strong execution, especially at a development in Texas, coupled with a 6% decrease in controllable cash costs from last year, attributed to reductions in lease operating expenses and drilling and completion costs.

Permian Resources Corporation (NYSE:PR)’s adjusted operating cash flow was reported at $949 million, while adjusted free cash flow stood at $469 million. Buoyed by the strong results, the company has raised its full-year oil production guidance to 181.5 million barrels per day (MBbls/d) and its oil equivalent production target to 394.0 million barrels of oil equivalent per day (MBoe/d).

Given the anticipated increase in production, Roth Capital has lifted its forecasts for the company’s cash flow per share in 2025 by 3% and for 2026 by 8%.

Permian Resources Corporation (NYSE:PR) is an oil and gas company headquartered in Midland, Texas. It focuses on the development of crude oil and rich natural gas reserves in the United States.

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