Piper Sandler Lowers Permian Resources (PR) PT to $20 Despite Strong Q3 Production, Operational Improvement

1 month ago 18

Maham Fatima

Tue, November 25, 2025 astatine 7:27 AM CST 2 min read

Permian Resources Corporation (NYSE:PR) is 1 of the most undervalued NYSE stocks to bargain close now. On November 18, Piper Sandler lowered the firm’s terms people connected Permian Resources to $20 from $21, portion keeping an Overweight standing connected the shares. This sentiment came arsenic Piper Sandler stated that the wide E&P assemblage posted beardown Q3 2o25 results. The steadfast noted that Permian Resources’ operations, efficiencies, and costs are moving successful the close absorption contempt the wide lipid marketplace macro situation remaining underwhelming.

In Q3, Permian Resources’ lipid accumulation reached 187,000 barrels of lipid per day, which represented a 6% sequential summation from Q2, contributing to a full accumulation of 410,000 barrels of lipid equivalent per day. For this reason, the institution raised the midpoint of its full-year accumulation guidance to 181,500 barrels of lipid per time and 394,000 barrels of lipid equivalent per day.

Piper Sandler Lowers Permian Resources (PR) PT to $20 Despite Strong Q3 Production, Operational Improvement

Permian Resources recorded $1.32 cardinal successful full gross for the said quarter, which roseate by 8.74% arsenic compared to the year-ago period. The institution besides earned $0.37 per share, surpassing expectations by $0.08. Despite this beardown performance, the institution did admit ongoing uncertainties successful the macro environment, including the imaginable interaction of suppressed commodity prices connected aboriginal growth.

Permian Resources Corporation (NYSE:PR) is an autarkic lipid and earthy state institution that develops crude lipid and associated liquids-rich earthy state reserves successful the US.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.