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Permian Resources price target raised to $16 from $15 at Roth Capital

Roth Capital raised the firm’s price target on Permian Resources (PR) to $16 from $15 and keeps a Buy rating on the shares after the company reported Q3 cash flow per share of $1.13, 7% above consensus, and raised its 2025 total production and oil production guidance by 2%. Following the report, the firm raising its 2025 and 2026 cash flow per share estimates by 3% and 8%, respectively, on higher production and lower cash tax estimates.

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