Permian Resources price target raised to $25 from $24 at Truist

Truist raised the firm’s price target on Permian Resources (PR) to $25 from $24 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results for Exploration & Production names, with key themes that include higher realizations, Winter Storm Fern impacts, and monitoring continued market volatility to assess activity levels. In the near-term, the company will prioritize and aggressively manage base production via workovers which could bias FY26 volumes higher, the analyst tells investors in a research note.