Piper Sandler Lifts PT on Permian Resources Corporation (PR) to $27 From $24 – Here’s Why

1 day ago 2

Noor Ul Ain Rehman

Sun, March 15, 2026 astatine 1:36 PM CDT 2 min read

Permian Resources Corporation (NYSE:PR) is 1 of the champion lipid stocks to bargain close now. Permian Resources Corporation (NYSE:PR) received a standing update from Piper Sander connected March 12, with the steadfast raising the terms people connected the banal to $27 from $24 portion maintaining an Overweight standing connected the shares. The steadfast told investors successful a probe enactment that it raised its mid-cycle crude terms forecast to $75 per tube from $70 amid the Iran war, and cited its accrued terms platform for the bump successful the terms targets for the stocks successful the sector. Piper anticipates lasting proviso impacts and stated that higher prices are required to incentivize concern successful production.

Wells Fargo Updates 2026 Assumptions for Western Midstream (WES)

Previously, Piper Sandler adjusted the terms people connected Permian Resources Corporation (NYSE:PR) to $24 from $20 connected March 5 and maintained an Overweight standing connected the shares. It told investors that the rotation commercialized got a changeable successful the limb that week, with the Iran warfare putting 20% of planetary oil, product, and state proviso astatine risk. It added that though the fiscal Q4 results and FY26 outlooks person been overshadowed by the war, the steadfast expects small alteration from U.S. operators successful the aftermath of the conflict.

Permian Resources (NYSE:PR) is an autarkic earthy state and lipid institution specializing successful acquiring, optimizing, and processing lipid and earthy state properties. A important bulk of the company’s assets are concentrated wrong the Delaware Basin successful Eddy and Lea Counties, New Mexico, and Reeves and Ward Counties, Texas.

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