Capital One Financial Has Positive Outlook of PR Q1 Earnings

Permian Resources Co. (NYSE:PR - Free Report) - Equities researchers at Capital One Financial upped their Q1 2025 earnings estimates for Permian Resources in a note issued to investors on Wednesday, April 16th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.38. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share.

A number of other equities research analysts also recently issued reports on PR. Bank of America lowered their price objective on Permian Resources from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Truist Financial raised their price target on Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 13th. Royal Bank of Canada dropped their price target on Permian Resources from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Citigroup lowered shares of Permian Resources from a "buy" rating to a "reduce" rating in a research report on Wednesday, March 5th. Finally, Susquehanna upgraded shares of Permian Resources from a "neutral" rating to a "positive" rating and raised their price objective for the company from $17.00 to $20.00 in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.73.

Permian Resources Price Performance

Shares of PR traded up $0.37 during midday trading on Thursday, hitting $11.99. 3,286,899 shares of the company traded hands, compared to its average volume of 9,213,989. The stock has a 50-day moving average of $12.97 and a 200-day moving average of $14.10. The firm has a market cap of $9.64 billion, a P/E ratio of 7.27, a PEG ratio of 4.05 and a beta of 3.81. Permian Resources has a one year low of $10.01 and a one year high of $17.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.68 and a quick ratio of 0.68.

Permian Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Monday, March 17th. Permian Resources's dividend payout ratio is currently 41.96%.

Insider Transactions at Permian Resources

In other Permian Resources news, CFO Guy M. Oliphint sold 4,150 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $13.99, for a total transaction of $58,058.50. Following the completion of the sale, the chief financial officer now directly owns 130,467 shares in the company, valued at approximately $1,825,233.33. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Quinn purchased 500,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $13.07 per share, for a total transaction of $6,535,000.00. Following the acquisition, the director now owns 812,429 shares of the company's stock, valued at approximately $10,618,447.03. The trade was a 160.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 9,685 shares of company stock valued at $135,687 in the last three months. 12.80% of the stock is currently owned by company insiders.

Institutional Trading of Permian Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Permian Resources by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 140,548 shares of the company's stock worth $2,021,000 after acquiring an additional 662 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Permian Resources by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 176,600 shares of the company's stock worth $2,540,000 after buying an additional 700 shares during the last quarter. CIBC Asset Management Inc increased its position in Permian Resources by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 15,703 shares of the company's stock valued at $226,000 after acquiring an additional 805 shares during the last quarter. Principal Securities Inc. boosted its position in Permian Resources by 73.6% in the fourth quarter. Principal Securities Inc. now owns 2,010 shares of the company's stock worth $29,000 after purchasing an additional 852 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Permian Resources by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 129,520 shares of the company's stock valued at $1,862,000 after purchasing an additional 900 shares during the period. Institutional investors own 91.84% of the company's stock.

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.