Mizuho Lifts PT on Permian Resources Corporation (PR) to $25 From $23 – Here’s Why

Permian Resources Corporation (NYSE:PR) is one of the best strong buy stocks to invest in under $20. On March 17, Mizuho lifted the price target on Permian Resources Corporation (NYSE:PR) to $25 from $23, maintaining an Outperform rating on the shares and telling investors that with the Iran conflict entering its third week, the firm upped its 2026 oil price outlook by 14% to $73.25. It believes it is too early to say whether the conflict raises the structural price of global oil, but the bias is likely higher. Mizuho also stated in a research note that it is remaining positive on the oil and gas sector, lowering its fiscal 2026 price outlook by 6% while adding that natural gas fundamentals remain constructive.

In a separate development, Permian Resources Corporation (NYSE:PR) received a rating update from Piper Sander on March 12. The firm lifted the price target on the stock to $27 from $24 and reiterated an Overweight rating on the shares. It told investors in a research note that it raised its mid-cycle crude price forecast to $75 per barrel from $70 amid the Iran war, and cited its increased price deck for the bump in the price targets for the stocks in the sector. Piper anticipates lasting supply impacts and stated that higher prices are required to incentivize investment in production.

Permian Resources (NYSE:PR) is an independent natural gas and oil company specializing in acquiring, optimizing, and developing oil and natural gas properties. A significant majority of the company’s assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico, and Reeves and Ward Counties, Texas.

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