Is Permian Resources (PR) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?

We recently published a list of Top 10 Oil & Gas E&P Stocks Outperforming Despite Sinking Oil Prices. In this article, we are going to take a look at where Permian Resources Corporation (NYSE:PR) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices.

Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay!

Inflation resulting from these tariffs threatens to send the country’s economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world.

Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times.

To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion.

Permian Resources Corporation (NYSE:PR)

Permian Resources Corporation (NYSE:PR) operates as an independent natural gas and oil company. It develops crude oil and associated liquids-rich natural gas reserves. The company’s properties include acreage blocks in Lea County in New Mexico, and Reeves County in West Texas. The company’s stock is up 7.82% in the last week of trading.

With the net income margin of nearly 20% and a gross margin of 75%, the company stands out in the sector. In the recent quarter’s earnings, it boasted reduced per-well costs resulting from enhanced efficiencies. The stock beats the sector with an attractive dividend yield of over 8%. The potential upside, along with an attractive dividend yield, makes it a compelling investment opportunity for future gains.

According to 25 different analyst ratings, Permian Resources (NYSE:PR) has a highest target price of $23, which means the price could more than double from the current levels if the bull scenario holds true. The stock is currently trading at $11.86, which is 18% below the lowest Wall Street price target of $14. The stock has already taken an upward trajectory, boosting investors’ sentiment in analysts’ estimates. In the past five trading sessions, the share price surged over 8%.

Overall, PR ranks 2nd on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of PR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than PR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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