Piper Sandler Maintains a Buy on Permian Resources (PR) With a $20 PT

Permian Resources Corporation (NYSE:PR) is one of the best cheap strong buy stocks to buy now. On August 22, Piper Sandler analyst Mark Lear maintained a Buy rating on Permian Resources Corporation (NYSE:PR) and set a price target of $20.00.

Permian Resources Corporation (NYSE:PR) announced its fiscal Q2 2025 results on August 6, reporting total average production of 385.1 MBoe/d, including 176.5 MBbls/d of oil, 97.8 MBbls/d of NGLs and 664.7 MMcf/d of natural gas.

The company also declared a base dividend of $0.15 per share, and raised the mid-point of its full year oil and total production guidance to 178.5 MBbls/d and 385.0 MBoe/d.

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

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.