$PR

The S&P 500 rose 0.4% to 7,615.70, while the Nasdaq 100 gained 0.9% as crude oil prices fell. The Fed is expected to raise interest rates by 25 basis points. Retail sales and import prices exceeded expectations. Energy stocks declined, while tech and semiconductor sectors led gains. Forgent Power Solutions (FPS) surged 11.6% on strong earnings, while J.B. Hunt (JBHT) dropped 12.5% on earnings guidance.

Several energy stocks fell after the Federal Reserve's interest-rate decision, with Brent crude easing 1.1% to $107.61. Diamondback Energy (FANG) dropped 9.1%, Permian Resources (PR) 6.7%, APA Corporation (APA) 6.7%, Viper Energy (VNOM) 7.6%, and Comstock Resources (CRK) 6.9%. Diamondback is up 26.4% YTD but 9.9% below its 52-week high.

Stifel highlights four oil and gas stocks: Diamondback Energy (FANG), Expand Energy (EXE), Permian Resources (PR), and Sable Offshore (SOC). The sector benefits from high energy prices, capital discipline, and growing demand. FANG and PR reported strong Q2 2026 results, with mixed analyst reactions for FANG and a price target increase for PR.

Stifel reinitiated coverage on Permian Resources Corp (PR) with a Buy rating and $30 price target, citing its strong Delaware Basin position and long development inventory. PR offers a 2.63% dividend yield, supported by a 34% payout ratio and 128.9% 3-year dividend growth. The company has a GF Score of 68, indicating solid financial health but overvaluation concerns. Insider activity shows significant selling, while guru ownership is mixed.

Mizuho upgraded its 2026 Brent/WTI price forecasts to $73.25/$68.25 per barrel, citing Middle East disruptions. The firm highlighted EQT Corporation (EQT), Devon Energy (DVN), and Permian Resources (PR) as top picks, noting their strong Q2 results and exposure to improving oil fundamentals. The S&P 500 Energy sector gained 2.5% week-over-week, outperforming the broader market by 29.2% year-to-date.

Oliphint Guy M (EVP, Chief Financial Officer) sold 5,103 shares of Permian Resources Corp (PR) at $23.75 ($0.12M total) on 2026-09-03.

Shannon Robert Regan (EVP, Chief Accounting Officer) sold 5,104 shares of Permian Resources Corp (PR) at $23.75 ($0.12M total) on 2026-09-03.

Bell John Charles (EVP, General Counsel) sold 5,492 shares of Permian Resources Corp (PR) at $23.75 ($0.13M total) on 2026-09-03.

Analysts upgraded Broadcom (AVGO) to Outperform with a $490 target, Deere (DE) to Outperform with an $813 target, and Dell (DELL) to Outperform with a $625 target. Moderna (MRNA) was downgraded to Sell with an $81 target. Seaport Research initiated Buy ratings on Devon Energy (DVN), Permian Resources (PR), and Viper Energy (VNOM).

Mizuho has identified Devon Energy (NYSE:DVN), Permian Resources (NYSE:PR), and EQT Corp (NYSE:EQT) as its top picks in the oil and gas sector. Devon Energy leads the list, reporting Q2 2026 earnings of $1.57 per share on $7.42 billion revenue, exceeding expectations. Permian Resources raised its 2026 volume guidance and reported Q2 earnings of $0.69 per share on $1.86 billion revenue. EQT Corp reported Q2 revenue of $1.81 billion, slightly above forecasts, and raised production guidance.