Roth MKM Remains a Buy on Permian Resources Corporation (PR)

Permian Resources Corporation (NYSE:PR) is one of the Best Affordable Stocks to Buy According to Analysts. On December 22, Leo Mariani from Roth MKM reiterated a Buy rating on the stock with a price target of $16. Earlier on December 12, Josh Silverstein from UBS also reiterated a Buy rating on Permian Resources Corporation (NYSE:PR) and raised the price target from $17 to $19.

Analyst Josh Silverstein from UBS noted that after three years of limited gains, he sees 2026 to be a promising year for the energy sector. He added that this optimistic outlook is based on an improving oil and natural gas outlook, improved value creation through M&A activity, and cost and capital expenditure efficiencies. The analyst also noted that natural gas E&Ps are favored; he sees positive momentum broadly across the Oil E&Ps and OFS.

That said, Permian Resources Corporation (NYSE:PR) during its fiscal third quarter earnings raised its 2025 oil production outlook by 3.0 MBbls/d to 181.5 MBbls/d and raised its total production target by 9.0 MBoe/d to 394.0 MBoe/d. Management noted that the improved outlook is based on the strong well results.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on acquiring, optimizing, and developing properties in the Permian Basin, particularly the Delaware Basin core.

While we acknowledge the potential of PR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.