Roth Mkm Reaffirms Neutral Rating on Permian Resources

Analysts see upside potential in Permian Resources stock despite neutral rating.

Apr. 8, 2026 at 12:07pm

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Equity research firm Roth Mkm has reaffirmed its 'neutral' rating on Permian Resources (NYSE:PR) while raising the price target to $22 from $20, suggesting a potential upside of 3.03% from the company's previous close.

Why it matters

The reaffirmation of Roth Mkm's neutral rating on Permian Resources, despite the increased price target, reflects the analysts' cautious outlook on the company's near-term prospects, even as they see some upside potential in the stock. This comes amid a broader positive sentiment around Permian-focused producers, with other analysts initiating coverage with bullish stances.

The details

In a research report, Roth Mkm cited Permian Resources' solid operational performance and the potential for higher oil prices as factors supporting the increased price target. However, the firm maintained its neutral rating, suggesting that the company's valuation may already reflect the anticipated improvements in its financial and operational metrics.

  • Roth Mkm issued the research report on Wednesday, April 8, 2026.

The players

Permian Resources

An independent exploration and production company focused on the Permian Basin in West Texas and southeastern New Mexico.

Roth Mkm

An equity research firm that provides investment analysis and recommendations on various companies, including Permian Resources.

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The takeaway

The reaffirmation of Roth Mkm's neutral rating on Permian Resources, despite the increased price target, suggests that the analysts see limited near-term upside potential for the stock, even as the broader market sentiment around Permian-focused producers remains positive. Investors will likely be watching for any further updates or changes in the firm's outlook on the company.