11 Most Promising Long-Term Stocks According to Analysts

8. Permian Resources Corp. (NYSE:PR)

10-Year Revenue CAGR: 43.85%

Number of Hedge Fund Holders: 54

Average Upside Potential as of April 21: 53.78%

Permian Resources Corp. (NYSE:PR) is an independent oil and natural gas company that develops crude oil and associated liquids-rich natural gas reserves in the US. Its assets focus on the Delaware Basin, which is a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico.

The company completed $1.2 billion in acquisitions in 2024, and added 50,000 net acres and 20,000 BOE per day. For 2025, the company has locked in prices for ~25% of its oil production at $73 per barrel. It can still generate free cash flow after paying dividends even if oil prices drop to around $40 per barrel. Between 2023 and 2025, the company expects that its production, adjusted for debt, will increase by ~50%, and its free cash flow per share will ~2x.

Permian Resources Corp. (NYSE:PR) drilled 275 wells in 2024, with 85 wells planned for 2025. In Q4 2024, the company’s oil production was 171,000 barrels of oil per day, where a total production was 368,000 BOE per day. For 2025, the total production is anticipated to average 300,000 to 380,000 BOE per day, with oil production between 170,000 and 175,000 barrels per day.

Aristotle Small/Mid Cap Equity Strategy stated the following regarding Permian Resources Corporation (NYSE:PR) in its Q3 2024 investor letter:

“Permian Resources Corporation (NYSE:PR) is a Texas-based oil & gas exploration & production company with a large acreage position and deep inventory of high return potential drilling locations in the core of the Permian Basin. We expect management to continue to execute on its strategy of optimizing returns, diligently allocating capital to new opportunities, and returning excess capital to shareholders.”