Permian Resources (PR) Just Hit a Record High. But Raymond James Says the Rally Isn’t Over
Permian Resources (PR) hit a record high of $24 per share. Raymond James raised its price target to $29, citing PR's low-cost operations and high-quality inventory. PR reported record Q2 free cash flow of $751 million and raised FY 2026 oil production guidance to 199,000 bpd. Risks include oil price volatility and production declines in the Permian Basin.





