TD Cowen Raises Permian Resources Price Target to $22

Analysts see potential 12.56% upside for the oil and gas producer's stock.

Mar. 17, 2026 at 3:40pm

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Equity research analysts at TD Cowen have increased their price target for Permian Resources (NYSE:PR) from $20 to $22, representing a potential upside of 12.56% from the company's current stock price. TD Cowen maintained a 'buy' rating on the stock, citing the company's strong performance and growth prospects in the Permian Basin.

Why it matters

The increased price target from a major investment firm signals confidence in Permian Resources' ability to continue delivering value for shareholders. As an independent exploration and production company focused on the Permian Basin, Permian Resources' performance is closely watched by investors and analysts as an indicator of the health of the broader oil and gas industry.

The details

In its report, TD Cowen cited Permian Resources' strong financial results and growth potential as reasons for the price target increase. The firm noted that the company has been able to efficiently unlock hydrocarbon reserves in the Permian Basin through the use of horizontal drilling and hydraulic fracturing technologies. Several other major investment banks, including UBS Group and Morgan Stanley, have also issued positive ratings and price targets for Permian Resources in recent months.

  • The price target increase was issued on March 17, 2026.

The players

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.

TD Cowen

An equities research firm that covers Permian Resources and has increased its price target for the company's stock.

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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)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

This price target increase from TD Cowen underscores the strong performance and growth potential of Permian Resources, an independent oil and gas producer focused on efficiently tapping into the abundant resources of the Permian Basin. As the broader industry navigates market challenges, Permian Resources' ability to deliver consistent production growth and shareholder value makes it an attractive investment option for analysts and investors.