Oil Price Rally Boosted Permian Resources (PR) in Q1

4 hours ago 2

Soumya Eswaran

Thu, July 2, 2026 astatine 8:19 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin be downloaded here. The Strategy fell 7.72% (net) successful the 4th compared to -6.35% for the Russell Midcap Growth Index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Permian Resources Corporation (NYSE:PR). Headquartered successful Midland, Texas, Permian Resources Corporation (NYSE:PR) is an autarkic lipid and earthy state company. On July 1, 2026, Permian Resources Corporation (NYSE:PR) closed astatine $17.93 per share. One-month instrumentality of Permian Resources Corporation (NYSE:PR) was -11.06%, and its shares gained 27.52% implicit the past 52 weeks. Permian Resources Corporation (NYSE:PR) has a marketplace capitalization of $15.45 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding Permian Resources Corporation (NYSE:PR) successful its Q1 2026 capitalist letter:

"We often spot the ebb and travel of the Energy assemblage tied to underlying commodity prices. In this area, we question low-cost exploration & accumulation companies with high-yielding acreage oregon specialized work providers. Permian Resources Corporation (NYSE:PR) is an autarkic lipid and earthy state institution with operations successful the Delaware Basin. Escalating geopolitical tensions with Iran and the consequent rally successful lipid prices person driven a important appreciation successful Permian Resources' stock. The operation of amended terms realizations and little operating expenses contributed to a beardown quarter. We decided to exit this tiny presumption connected the 35% betterment successful its banal price."

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Permian Resources Corporation (NYSE:PR) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 56 hedge money portfolios held Permian Resources Corporation (NYSE:PR) astatine the extremity of the archetypal quarter, the aforesaid arsenic successful the erstwhile quarter. While we admit the imaginable of Permian Resources Corporation (NYSE:PR) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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