With an annual dividend yield of 3.16%, Permian Resources Corporation (NYSE:PR) is included among the 10 High Yield Crude Oil Stocks to Buy Now.
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin of the United States.
On May 27, Mizuho analyst William Janela boosted the firm’s price target on Permian Resources Corporation (NYSE:PR) from $26 to $27, while maintaining an ‘Outperform’ rating on the shares. The revised target reflects an upside of almost 41% from the current price level.
Mizuho expects the ongoing Middle East war to have a lasting impact on global oil prices and refining margins. As a result, the firm raised its oil price outlook for 2026 and 2027 by 25% and 6%, respectively. Similarly, the analyst also significantly increased its outlook for US refining cracks by 61% and 51%.
According to Mizuho, a pullback in energy stock valuations, despite the strong commodity prices, would give investors an opportunity to seek “alpha” within the US oil sector. The analyst firm revised its ratings and price targets across the group.
While we acknowledge the potential of PR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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