Permian Resources (PR) - Among the Best Crude Oil Stocks to Buy as Tensions Rise

Permian Resources Corporation (NYSE:PR) is included among the 12 Best Crude Oil Stocks to Buy as Tensions Rise.

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on the development of crude oil and associated liquids-rich natural gas reserves in the United States.

On January 27, Wells Fargo analyst Hanwen Chang slightly raised the firm’s price target on Permian Resources Corporation (NYSE:PR) from $16 to $17, while keeping an ‘Overweight’ rating on the shares. The analyst highlighted that the macro oil environment remains pressured by surging output from OPEC and non-OPEC producers, pointing to a near-term supply glut that is weighing on prices. Amid the difficult outlook, Wells Fargo prefers frameworks with low reinvestment and strong capital discipline.

On the other hand, earlier on January 26, Susquehanna reduced its price target on Permian Resources Corporation (NYSE:PR) from $20 to $18, but kept its ‘Positive’ rating on the stock. The revision, which still indicates an upside of over 6% from the current share price, comes as the analyst firm updated its targets in the E&P group as part of a Q4 preview. Susquehanna also pointed out that the oil market remains oversupplied and dropped its 2026 WTI price assumption from $65 to $60 per barrel.

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Disclosure: None.