Morgan Stanley Raises Permian Resources (PR) Price Target to $27

Morgan Stanley raises its price target for Permian Resources Corporation to $27, a 10.41% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:22 PM EDT

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Morgan Stanley raised its price target on Permian Resources Corporation ($PR) to $27 from $25 on October 15, 2026, and rates the stock "Overweight".

Since the rating, $PR is up 4.2% to date (from the $23.61 close on Oct 15, 2026).

PR Permian Resources Corporation

$24.59 +74.77% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its Overweight rating on Permian Resources Corporation, raising the price target from $25 to $27 on October 15, 2026.
Morgan Stanley's $27 price target implies 10.41% upside from Permian Resources Corporation's ($PR) current $24.45 share price.
Shares are trading at $24.45, reflecting a solid position near its 52-week high of $24.64, well above its low of $11.92.
Analyst consensus recommends a strong buy with a mean target price of $27 from 21 analysts.

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Morgan Stanley has reiterated its Overweight rating on Permian Resources Corporation (NYSE: PR) and raised the price target from $25 to $27 as of October 15, 2026. Shares are currently trading at $24.45, showing solid performance near their 52-week high of $24.64.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +0.86% hypothetical

All-time return +0.86% S&P 500 +0.57%

vs. S&P 500 +0.29% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Permian Resources Corporation

Blackrock Inc. reported a stake of about 79 million shares worth approximately $1.94 billion after increasing its holdings by 7.98 million shares. Vanguard Portfolio Management LLC also added 1.54 million shares, bringing its total to about 41.3 million shares valued at around $1.02 billion. Price (T. Rowe) Associates Inc. boosted its position by 5 million shares, ending with about 38.2 million shares worth roughly $940 million. Vanguard Capital Management LLC increased its stake by 1.63 million shares, totaling around 35.7 million shares valued at about $879.6 million. State Street Corporation rounded out the group with an increase of 2.01 million shares, holding about 27.7 million shares valued at approximately $681.5 million.

Permian Resources Corporation Stock Up 7.4%

As of today, shares of Permian Resources are trading at $24.45, a significant level considering it is near its 52-week high. This price comes after a strong performance, suggesting confidence in the company's future.

12-month forecast

$PR price target

Permian Resources Corporation daily closes and this analyst's $27 target. Not advice.

Recent Earnings

Permian Resources reported revenue of approximately $5.74 billion for its most recent fiscal year, reflecting a growth of 55.1% year-over-year. The company achieved earnings per share of $1.55, with a net margin of 21.5%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Permian Resources Corporation

Recent insider transactions include multiple sales on September 3, 2026, by General Counsel John Charles Bell, CFO Guy M. Oliphint, and Officer Robert Regan. Each sold shares at an average price of $23.75, totaling approximately $130,456, $121,210, and $121,228 respectively. Additionally, Oliphint sold 62,769 shares on May 21, 2026, for about $1.28 million at a price of $20.44.

Analysts Set New Price Targets

On October 15, 2026, Scotiabank initiated coverage with a Sector Outperform rating and a price target of $29. In the same day, Morgan Stanley maintained its Overweight rating and raised its target to $27, while Wells Fargo also maintained its Overweight rating with a target of $28 on October 14. Citigroup and Truist Securities both upheld their Buy ratings with targets set at $28, suggesting a favorable view from Wall Street.

About Permian Resources Corporation

Permian Resources Corporation is an independent oil and natural gas company focused on developing crude oil and natural gas reserves in the U.S., primarily in the Delaware Basin. With strong revenue growth and positive analyst sentiment, the company is positioned well in the energy sector.

Bottom Line

Looking ahead, investors should monitor Permian Resources' next earnings call on November 4, 2026. Keep in mind that the recent analyst ratings from Morgan Stanley and others reflect the company's strong position, although this 13F filing reflects past holdings and may not represent current positions.