JPMorgan analyst Arun Jayaram lowered the firm’s price target on Permian Resources (PR) to $18 from $19 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the exploration and production space as part of its 2026 outlook. JPMorgan sees supply side risks for oil and liquids, but says the “long-awaited demand inflection for natural gas has finally arrived.” The magnitude of the crude oil oversupply, plus a potential end to the Russia-Ukraine conflict in 2026, is a “double whammy” for lower oil prices, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PR:
- Permian Resources price target raised to $19 from $18 at Morgan Stanley
- Permian Resources price target lowered to $20 from $21 at Piper Sandler
- Permian Resources price target raised to $18 from $17 at Goldman Sachs
- Permian Resources: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Permian Resources Reports Strong Q3 2025 Results