Piper Sandler Raises Permian Resources (PR) PT to $21 Ahead of Q3 Earnings

Permian Resources Corporation (NYSE:PR) is one of the best large cap stocks to buy under $20. On October 21, Piper Sandler raised the price target on Permian Resources to $21 from $20 and kept an Overweight rating on the shares. This sentiment came as Piper Sandler is adjusting estimates for its E&P coverage ahead of the Q3 2025 earnings announcements.

Heading into Q3, conversations regarding E&P companies have focused on several key themes, which include the improving intermediate-term oil sentiment and the secular growth story for natural gas demand. Other points of interest include the FY26 outlook on capital efficiency, expectations for continued M&A activity, an increasing focus on both exploration and international exposure, and the overall rate of change across the US onshore landscape.

On the same day, BofA Securities analyst Noah Hungness maintained a Buy rating on Permian Resources yesterday with a $15.00 price target.

Permian Resources Corporation (NYSE:PR) is an independent oil & natural gas company that develops crude oil and associated liquids-rich natural gas reserves in the US.

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