Equities Analysts Issue Forecasts for PR FY2026 Earnings

Key Points

• Capital One Financial increased their FY2026 earnings per share estimate for Permian Resources from $1.33 to $1.34, while the consensus estimate remains higher at $1.45.
• Permian Resources recently announced a quarterly dividend of $0.15, resulting in an annual yield of 4.5% and a payout ratio of 39%.
• Insider selling occurred recently, with key executives divesting shares valued at over $134,000, indicating a 4% decrease in their stakes while institutional investors own nearly 92% of the company's stock.

Permian Resources Corporation (NYSE:PR - Free Report) - Analysts at Capital One Financial upped their FY2026 earnings per share (EPS) estimates for shares of Permian Resources in a research report issued to clients and investors on Monday, September 15th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.34 for the year, up from their previous forecast of $1.33. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources' FY2027 earnings at $1.39 EPS.

Several other research analysts have also recently weighed in on PR. Raymond James Financial decreased their price target on shares of Permian Resources from $23.00 to $22.00 and set a "strong-buy" rating on the stock in a report on Tuesday, September 2nd. Susquehanna raised their price objective on shares of Permian Resources from $19.00 to $20.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Scotiabank initiated coverage on shares of Permian Resources in a report on Friday. They issued a "sector outperform" rating and a $21.00 price objective for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $17.00 price objective on shares of Permian Resources in a report on Tuesday, September 2nd. Finally, Morgan Stanley raised their price objective on shares of Permian Resources from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $18.63.

Permian Resources Stock Performance

Permian Resources stock traded down $0.32 during trading on Wednesday, hitting $13.26. The stock had a trading volume of 19,190,397 shares, compared to its average volume of 11,747,803. Permian Resources has a 1 year low of $10.01 and a 1 year high of $16.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $13.70 and its two-hundred day moving average is $13.30. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 8.61 and a beta of 1.42.

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

Institutional Trading of Permian Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Permian Resources by 376.7% during 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 during the period. Smallwood Wealth Investment Management LLC bought a new position in shares of Permian Resources during the first quarter valued at approximately $30,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Permian Resources by 154.4% during the second 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 acquired a new stake in Permian Resources in the first quarter valued at approximately $36,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Permian Resources in the second quarter worth $36,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Permian Resources

In related news, EVP Robert Regan Shannon sold 4,742 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $14.22, for a total value of $67,431.24. Following the sale, the executive vice president directly owned 91,805 shares of the company's stock, valued at $1,305,467.10. This represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Charles Bell sold 4,743 shares of the 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 directly owned 107,569 shares in the company, valued at $1,528,555.49. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.44% of the stock is owned by company insiders.

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Permian Resources's dividend payout ratio (DPR) is presently 38.96%.

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.