UBS Lifts PT on Permian Resources Corporation (PR) to $17 From $16

Permian Resources Corporation (NYSE:PR) is one of the best stocks under $20 to buy for the long term. UBS raised the firm’s price target on Permian Resources Corporation (NYSE:PR) to $17 from $16 on August 20, keeping a Buy rating on the shares.

The firm told investors in a research note that persistent commodity headwinds are continuing to dampen upside potential.

Permian Resources Corporation (NYSE:PR) announced its fiscal Q2 2025 results on August 6, generating net cash provided by operating activities of $1.0 billion, adjusted operating cash flow of $817 million, and adjusted free cash flow of $312 million.

Permian Resources (NYSE:PR)  is an independent natural gas and oil company specializing in acquiring, optimizing, and developing oil and natural gas properties.

Its assets and operations are concentrated in the Delaware Basin’s core and consist of more than 479,500 net leasehold acres and around 94,900 net royalty acres across the Permian Basin.

A significant majority of the company’s assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico, and Reeves and Ward Counties, Texas.

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Disclosure: None. This article is originally published at Insider Monkey.