Capital One Financial Weighs in on PR FY2025 Earnings

Permian Resources Corporation (NYSE:PR - Free Report) - Capital One Financial lowered their FY2025 earnings estimates for Permian Resources in a note issued to investors on Tuesday, June 17th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.54 for the year, down from their prior estimate of $1.55. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources' FY2026 earnings at $1.46 EPS.

Permian Resources (NYSE:PR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Permian Resources had a return on equity of 11.96% and a net margin of 22.74%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis.

A number of other equities research analysts also recently commented on PR. JPMorgan Chase & Co. reduced their target price on Permian Resources from $21.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Royal Bank Of Canada raised their target price on Permian Resources from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup downgraded Permian Resources from a "buy" rating to a "reduce" rating in a report on Wednesday, March 5th. Morgan Stanley reduced their target price on Permian Resources from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, The Goldman Sachs Group raised their target price on Permian Resources from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.50.

Permian Resources Price Performance

Permian Resources stock traded up $0.06 during midday trading on Thursday, reaching $14.75. The company's stock had a trading volume of 10,893,407 shares, compared to its average volume of 9,873,954. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. The stock's 50 day simple moving average is $12.96 and its 200 day simple moving average is $13.66. The firm has a market capitalization of $11.85 billion, a PE ratio of 9.10 and a beta of 1.24.

Permian Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.07%. Permian Resources's dividend payout ratio (DPR) is 37.04%.

Hedge Funds Weigh In On Permian Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in Permian Resources by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,339,873 shares of the company's stock worth $62,407,000 after acquiring an additional 176,320 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Permian Resources by 36.9% in the 4th quarter. New York State Teachers Retirement System now owns 269,905 shares of the company's stock worth $3,881,000 after acquiring an additional 72,726 shares in the last quarter. Channing Capital Management LLC lifted its stake in Permian Resources by 286.1% in the 4th quarter. Channing Capital Management LLC now owns 620,138 shares of the company's stock worth $8,918,000 after acquiring an additional 459,516 shares in the last quarter. M&T Bank Corp raised its stake in shares of Permian Resources by 60.9% during the 4th quarter. M&T Bank Corp now owns 53,742 shares of the company's stock worth $773,000 after purchasing an additional 20,340 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Permian Resources by 93.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,634 shares of the company's stock worth $51,000 after purchasing an additional 1,751 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Permian Resources Company Profile

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.