Roth Capital Lifts Permian Resources Corporation (PR)’s Price Target Citing Strong Operational Performance in Q3

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.

Roth Capital Lifts Permian Resources Corporation (PR)'s Price Target Citing Strong Operational Performance in Q3

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

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.

While we acknowledge the risk and potential of PR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: ChatGPT Stock Advice: Top 8 Defense Stocks and 10 Largest Defense Stocks in 2025.

Disclosure: None.