Truist Securities Raises PR Price Target to $28

Truist Securities has reiterated its Buy rating on Permian Resources Corporation with a new price target of $28, a 14.50% upside from the current price.

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

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Truist Securities raised its price target on Permian Resources Corporation ($PR) to $28 from $24 on October 12, 2026, and rates the stock "Buy".

Since the rating, $PR is up 5.1% to date (from the $23.40 close on Oct 12, 2026).

PR Permian Resources Corporation

$24.59 +74.77% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Truist Securities reiterated its Buy rating on Permian Resources Corporation, setting a new price target of $28.
Truist Securities's $28 price target implies 14.50% upside from Permian Resources Corporation's ($PR) current $24.45 share price.
The stock is currently trading at $24.45, which is about 12.7% below Truist's price target.
Permian Resources reported a revenue of approximately $5.74 billion for the trailing twelve months, indicating strong growth in the energy sector.

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Truist Securities has reiterated its Buy rating on Permian Resources Corporation (NYSE: PR) on October 12, 2026, with a new price target of $28. This is an increase from the previous target of $24. The stock is currently trading at $24.45 as of October 16, 2026, which places it about 12.7% below the target set by Truist.

Other Institutional Activity in Permian Resources Corporation

Several other institutional investors have also shown interest in Permian Resources. Blackrock Inc. holds 79,044,298 shares, worth about $1.94 billion, after increasing its stake by 7,980,467 shares, a 11.2% rise. Vanguard Portfolio Management LLC owns 41,264,996 shares valued at roughly $1.01 billion, having added 1,537,456 shares, a 3.9% increase. Price (T.Rowe) Associates Inc. increased its shares by 5,002,826, bringing its total to 38,222,120 shares worth about $939.9 million, reflecting a 15.1% gain.

Permian Resources Corporation Stock Up 7.4%

Permian Resources is currently trading at $24.45, which is below Truist's target of $28. The stock's recent performance suggests it is positioned to grow, particularly with a revenue growth of 55.1% year-over-year reported in its latest earnings.

12-month forecast

$PR price target

Permian Resources Corporation daily closes and this analyst's $28 target. Not advice.

Recent Earnings

Permian Resources reported a revenue of approximately $5.74 billion for the trailing twelve months. The company also achieved an EPS of $1.55, with a net margin of 21.5% and a return on equity of 11.4%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Permian Resources Corporation

Insider trading activity includes Chief Financial Officer Guy M. Oliphint selling 62,769 shares at an average price of $20.44 on May 21, 2026, totaling about $1.28 million. On September 3, 2026, General Counsel John Charles Bell sold 5,492 shares at $23.75, valued at around $130,456. Additionally, Oliphint sold another 5,103 shares, also at $23.75, totaling approximately $121,210. Officer Robert Regan Shannon sold 5,104 shares on the same date for about $121,228.

Analysts Set New Price Targets

On October 12, 2026, Citigroup maintained a Buy rating on Permian Resources with a price target of $28, the same as Truist's. Earlier, UBS maintained its Buy rating with a target of $29, while Keybanc set an Overweight rating with a target of $28. RBC Capital reiterated its Outperform rating with a target of $27.

About Permian Resources Corporation

Permian Resources Corporation is an independent oil and natural gas company focused on developing crude oil and associated liquids-rich natural gas reserves in the U.S. Its primary assets are in the Delaware Basin, part of the larger Permian Basin. The company has seen significant growth, which is reflected in its recent earnings and institutional interest.

Bottom Line

Investors should keep an eye on the upcoming earnings report on November 4, 2026, to gauge the company's ongoing performance. With a solid Buy rating from multiple analysts, including Truist Securities, Permian Resources appears to be positioned well in the energy sector.