5 Best Affordable Stocks to Buy According to Wall Street Analysts

2. Permian Resources Corporation (NYSE:PR)

On May 6, 2026, Permian Resources Corporation (NYSE:PR) reported Q1 EPS of 5c, versus the consensus estimate of 38c. Revenue totaled $1.39B, versus the consensus estimate of $1.41B. Co-CEO Will Hickey said the company delivered a strong quarter, highlighted by record-low drilling and completion costs per foot, 2% quarter-over-quarter oil production growth, and more than $500M in free cash flow. Hickey added that the results demonstrated the company’s ability to increase production and free cash flow per share while continuing to lower costs. Co-CEO James Walter said Permian Resources has consistently generated free cash flow per share growth across commodity cycles through a combination of cost reductions, acquisitions, and high-return organic growth. Walter added that the company plans to continue using those advantages to drive shareholder returns going forward.

Prior to the earnings release, BofA raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $22 from $20 while maintaining a Neutral rating. The firm said it updated price targets across its U.S. oil and gas coverage and believes the market is positioned for de-escalation despite continued geopolitical flare-ups and risks.

Scotiabank analyst Betty Zhang also raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $25 from $21 and kept an Outperform rating on the shares. The firm said it updated price targets across its U.S. integrated oil, refining, and large-cap exploration and production coverage, adding that investors are likely to focus on whether recent oil market volatility could influence activity levels in 2026 and beyond.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on developing crude oil and liquids-rich natural gas reserves in the United States.