Goldman Sachs Raises Permian Resources Price Target to $22

Analysts see upside potential for the oil and gas exploration company.

Mar. 11, 2026 at 6:38pm

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The Goldman Sachs Group has increased its price target for Permian Resources (NYSE:PR) from $17 to $22, maintaining a "buy" rating on the stock. The analysts cite the company's strong operational performance and growth potential in the Permian Basin as reasons for the higher target.

Why it matters

Permian Resources is a key player in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The company's ability to efficiently extract hydrocarbons from the basin is crucial to its financial performance and investor sentiment.

The details

In a research report, The Goldman Sachs Group cited Permian Resources' operational execution and growth prospects as the primary drivers for the increased price target. The firm believes the company's focus on optimizing its asset portfolio and leveraging advanced drilling and completion techniques will allow it to continue delivering consistent production growth.

  • The new $22 price target was issued on Wednesday, March 11, 2026.

The players

The Goldman Sachs Group

A multinational investment bank and financial services company that provides a wide range of financial services, including investment banking, securities, investment management, and consumer banking.

Permian Resources

An independent exploration and production company focused on the acquisition, development, and optimization of oil and natural gas assets in the Permian Basin.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The increased price target from Goldman Sachs reflects the investment bank's confidence in Permian Resources' ability to capitalize on the opportunities in the Permian Basin, a region that continues to be a key driver of U.S. oil and gas production.