5 Must-Buy Non-Tech Stocks to Invest in Now

3. Permian Resources Corp (NYSE:PR)

Year-to-Date Gains: 50.35%

Number of Hedge Fund Holders: 56

Permian Resources Corp (NYSE:PR) is among the must-buy non-tech stocks to invest in now. On March 23, Truist Securities initiated coverage on Permian Resources Corp (NYSE:PR) stock with a Buy rating and a price target of $24. According to the equity research firm, Permian Resources is one of only two oil and gas companies considered Delaware Basin pure-plays.

The firm further noted that Permian Resources is one of the lowest-cost producers. Moreover, Truist pointed to Permian Resources’ strong execution over the past several years as a factor for its bullish view on the stock. Truist expects Permian Resources to continue making strategic mergers and acquisitions that can leverage its low-cost structure.

On March 17, Permian Resources announced that it had achieved investment grade credit ratings at both S&P Global Ratings and Fitch Ratings. The company expects the favorable credit rating at both firms to help reduce its interest expense and improve its liquidity. Permian Resources further said the investment grade status enhances its ability to continue driving free cash flow and shareholder returns.

Permian Resources raised its quarterly dividend to $0.16 per share in February, marking continued growth from its $0.05 base dividend launched in 2022 at a CAGR above 40%. The company ended 2025 with $153.7 million in cash after completing $1.1 billion in accretive acquisitions, cutting debt by over $600 million, and returning $521.4 million to shareholders through $447.7 million in dividends and $73.7 million in buybacks.

Permian Resources Corp (NYSE:PR) is an American independent oil and natural gas company headquartered in Midland, Texas. Its operations are primarily focused on the Delaware Basin within the Permian Basin. The company’s assets include land blocks in Reeves County, West Texas, and Lea County, New Mexico.