Piper Sandler Raises Permian Resources (PR) PT to $21 Ahead of Q3 Earnings

Group 1 - Permian Resources Corporation (NYSE:PR) is considered one of the best large-cap stocks to buy under $20, with Piper Sandler raising the price target to $21 from $20 while maintaining an Overweight rating [1] - The focus on E&P companies includes improving intermediate-term oil sentiment and the secular growth story for natural gas demand, along with capital efficiency outlook for FY26 and expectations for continued M&A activity [2] - BofA Securities analyst maintained a Buy rating on Permian Resources with a price target of $15.00, highlighting its position as an independent oil and natural gas company in the US [3]