Analysts Issue Forecasts for PR FY2025 Earnings

Key Points

• Scotiabank forecasts Permian Resources Corporation's FY2025 earnings per share (EPS) at $1.25, compared to the consensus estimate of $1.45 per share for the year.
• The company has announced a quarterly dividend of $0.15 per share, with a dividend yield of 4.4%, reflecting its solid financial position.
• Analyst ratings for Permian Resources vary, with a consensus rating of "Buy" and a price target averaging $18.63 per share.

Permian Resources Corporation (NYSE:PR - Free Report) - Investment analysts at Scotiabank issued their FY2025 EPS estimates for Permian Resources in a research report issued to clients and investors on Wednesday, September 24th. Scotiabank analyst P. Cheng forecasts that the company will earn $1.25 per share for the year. Scotiabank currently has a "Sector Outperform" rating and a $21.00 price objective on the stock. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Scotiabank also issued estimates for Permian Resources' FY2026 earnings at $1.35 EPS.

Permian Resources (NYSE:PR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. Permian Resources had a return on equity of 10.91% and a net margin of 22.41%.The company's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS.

A number of other research firms have also recently commented on PR. Raymond James Financial dropped their price objective on Permian Resources from $23.00 to $22.00 and set a "strong-buy" rating for the company in a research report on Tuesday, September 2nd. William Blair initiated coverage on shares of Permian Resources in a report on Monday, August 25th. They set an "outperform" rating for the company. Mizuho reduced their price objective on shares of Permian Resources from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Wall Street Zen downgraded Permian Resources from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Morgan Stanley raised their price objective on Permian Resources from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $18.63.

Permian Resources Stock Performance

NYSE PR opened at $13.68 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.33. The business has a fifty day moving average of $13.71 and a 200-day moving average of $13.33. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 8.88 and a beta of 1.42.

Permian Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Permian Resources's dividend payout ratio (DPR) is 38.96%.

Insiders Place Their Bets

In other Permian Resources news, EVP John Charles Bell sold 4,743 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $14.21, for a total transaction of $67,398.03. Following the completion of the sale, the executive vice president owned 107,569 shares of the company's stock, valued at approximately $1,528,555.49. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Regan Shannon sold 4,742 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $14.22, for a total value of $67,431.24. Following the sale, the executive vice president owned 91,805 shares of the company's stock, valued at $1,305,467.10. This represents a 4.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Permian Resources

Several institutional investors have recently bought and sold shares of PR. Allworth Financial LP increased its position in shares of Permian Resources by 376.7% in the first quarter. Allworth Financial LP now owns 2,069 shares of the company's stock worth $29,000 after acquiring an additional 1,635 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Permian Resources during the 1st quarter worth $30,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Permian Resources by 154.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company's stock valued at $31,000 after purchasing an additional 1,391 shares in the last quarter. Keystone Global Partners LLC purchased a new position in Permian Resources in the first quarter valued at about $36,000. Finally, FNY Investment Advisers LLC purchased a new position in Permian Resources in the second quarter valued at about $36,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

About Permian Resources

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.

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