Top-Rated StocksTop-RatedNASDAQ:PR Permian Resources (PR) Stock Price, News & Analysis → Elon Musk: THIS will be bigger than Tesla (From Paradigm Press) (Ad) Free PR Stock Alerts $15.04 -0.14 (-0.92%) (As of 06/14/2024 08:51 PM ET) Add Compare Share Share Today's Range$14.97▼$15.5350-Day Range$15.04▼$18.0852-Week Range$9.79▼$18.28Volume8.27 million shsAverage Volume9.54 million shsMarket Capitalization$11.58 billionP/E Ratio13.67Dividend Yield1.60%Price Target$20.31 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsTrends Get Permian Resources alerts: Email Address Permian Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside35.0% Upside$20.31 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.20Based on 14 Articles This WeekInsider TradingSelling Shares$1.07 M Sold Last QuarterProj. Earnings Growth7.78%From $1.80 to $1.94 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.74 out of 5 starsOils/Energy Sector19th out of 235 stocksCrude Petroleum & Natural Gas Industry9th out of 75 stocks 4.5 Analyst's Opinion Consensus RatingPermian Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoveragePermian Resources has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Permian Resources' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PR. Previous Next 2.5 Dividend Strength Dividend YieldPermian Resources pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPermian Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Permian Resources is 21.82%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Permian Resources will have a dividend payout ratio of 12.37% next year. This indicates that Permian Resources will be able to sustain or increase its dividend.Read more about Permian Resources' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PR. Previous Next 2.9 News and Social Media Coverage News SentimentPermian Resources has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.87 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Permian Resources this week, compared to 5 articles on an average week.Search InterestOnly 7 people have searched for PR on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -26% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Permian Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,067,300.00 in company stock.Percentage Held by Insiders12.80% of the stock of Permian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions91.84% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Permian Resources' insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Permian Resources are expected to grow by 7.78% in the coming year, from $1.80 to $1.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Permian Resources is 13.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.03.Price to Earnings Ratio vs. SectorThe P/E ratio of Permian Resources is 13.67, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.72.Price to Book Value per Share RatioPermian Resources has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Permian Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Warrior Life(Free Workshop) Advanced “bug-out bag” hacks!“Do you have a ‘bug-out bag’ (survival kit) ready to grab-and-go when a disaster or other crisis strikes?” Most citizens don’t… but according to my friend (and best-selling survival author), Jeff, even the hardcore “preppers” who cherish their bug-out bags are doing it all wrong!All the details are right here… About Permian Resources Stock (NASDAQ:PR)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. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.Read More PR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PR Stock News HeadlinesMay 18, 2024 | insidertrades.comInsider Selling: Permian Resources Co. (NASDAQ:PR) Director Sells 65,000 Shares of StockJune 17 at 1:28 AM | americanbankingnews.comPermian Resources Co. (NASDAQ:PR) Receives Consensus Rating of "Buy" from AnalystsJune 15 at 6:14 AM | americanbankingnews.comPermian Resources (NASDAQ:PR) Upgraded by UBS Group to BuyJune 15 at 5:34 AM | americanbankingnews.comPermian Resources (NASDAQ:PR) Rating Reiterated by Bank of AmericaJune 14 at 2:10 PM | americanbankingnews.comPermian Resources (NASDAQ:PR) Shares Gap Up to $15.18May 30, 2024 | barrons.comOil Mergers Are Taking Off. These Stocks Stand to Win or Lose.May 25, 2024 | nasdaq.comPermian Resources Finalizes Subsidiary LiquidationMay 24, 2024 | businesswire.comPermian Resources Completes Liquidation of Lynden Energy Corp. by Making Application to Cease to be a Reporting Issuer in CanadaMay 18, 2024 | finance.yahoo.comInsider Sale: Director Jeffrey Tepper Sells 65,000 Shares of Permian Resources Corp (PR)May 14, 2024 | finance.yahoo.comWhile shareholders of Permian Resources (NYSE:PR) are in the black over 3 years, those who bought a week ago aren't so fortunateMay 13, 2024 | businesswire.comPermian Resources Corporation Announces Secondary Public Offering of Class A Common StockMay 9, 2024 | msn.comPermian Resources Corporation (NYSE:PR) Q1 2024 Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comPermian Resources Corp (PR) (Q1 2024) Earnings Call Transcript Highlights: Strong Performance ...May 8, 2024 | seekingalpha.comPermian Resources: A Growth Company With A Lot Of Growth LeftMay 8, 2024 | markets.businessinsider.comAnalysts Are Bullish on Top Energy Stocks: Crescent Point Energy (CPG), Permian Resources (PR)May 7, 2024 | finance.yahoo.comPermian Resources Corp (PR) Q1 2024 Earnings: Exceeds Expectations and Raises Full-Year GuidanceMay 7, 2024 | businesswire.comPermian Resources Announces Strong First Quarter 2024 Results and Increases Full Year GuidanceMay 7, 2024 | businesswire.comPermian Resources Declares Quarterly Cash DividendMay 6, 2024 | investorplace.com7 Affordable Energy Stocks to Buy Under $20May 6, 2024 | msn.comPermian deals push oil and gas mergers and acquisitions to record start in 2024, but slowdown aheadApril 23, 2024 | benzinga.comBehind the Scenes of Permian Resources's Latest Options TrendsApril 22, 2024 | markets.businessinsider.comRaymond James Sees Opportunity in These 2 ‘Strong Buy’ StocksApril 20, 2024 | investing.comPermian Resources stock target raised by Truist SecuritiesApril 17, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Permian Resources (PR), Peninsula Energy Limited (OtherPENMF) and Calumet Specialty Products (CLMT)April 17, 2024 | seekingalpha.comPermian Resources: Now Projected To Generate Over $1.5 Billion In 2024 FCFSee More Headlines Receive PR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Permian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/21 Dividend3/12/2024Dividend Payable3/21/2024Last Earnings5/07/2024Ex-Dividend for 5/29 Dividend5/20/2024Dividend Payable5/29/2024Today6/16/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNASDAQ:PR CUSIPN/A CIK1658566 WebN/A Phone(432) 695-4222FaxN/AEmployees461Year FoundedN/APrice Target and Rating Average Stock Price Target$20.31 High Stock Price Target$24.00 Low Stock Price Target$17.00 Potential Upside/Downside+35.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.10 Trailing P/E Ratio13.67 Forward P/E Ratio8.36 P/E GrowthN/ANet Income$476.31 million Net Margins13.90% Pretax Margin28.29% Return on Equity11.43% Return on Assets7.23% Debt Debt-to-Equity Ratio0.42 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$3.12 billion Price / Sales3.71 Cash Flow$2.28 per share Price / Cash Flow6.60 Book Value$11.96 per share Price / Book1.26Miscellaneous Outstanding Shares769,950,000Free Float671,396,000Market Cap$11.58 billion OptionableOptionable Beta4.26 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. William M. Hickey III (Age 36)Director & Co-CEO Mr. James H. Walter (Age 35)Director & Co-CEO Mr. Brent P. Jensen (Age 54)Senior VP & Chief Accounting Officer Comp: $972.36kMr. John C. Bell (Age 38)Executive VP & General Counsel Comp: $484.4kMr. Matthew R. Garrison (Age 42)Executive Vice President Comp: $1.17MMr. Guy M. Oliphint (Age 44)Executive VP & CFO Mr. Hays MabryDirector of Investor RelationsMs. Kathleen M. PhillipsVice President of Human ResourcesMr. William A. WeidigVice President of Finance & TreasurerMore ExecutivesKey CompetitorsCanadian Natural ResourcesNYSE:CNQCenovus EnergyNYSE:CVEDiamondback EnergyNASDAQ:FANGDevon EnergyNYSE:DVNCoterra EnergyNYSE:CTRAView All CompetitorsInsiders & InstitutionsAmerican TrustSold 3,695 shares on 6/11/2024Ownership: 0.003%DekaBank Deutsche GirozentraleBought 3,468 shares on 6/4/2024Ownership: 0.001%Teachers Retirement System of The State of KentuckyBought 2,200 shares on 5/28/2024Ownership: 0.016%Comerica BankSold 8,293 shares on 5/17/2024Ownership: 0.151%Walleye Trading LLCBought 18,200 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions PR Stock Analysis - Frequently Asked Questions Should I buy or sell Permian Resources stock right now? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last twelve months. There are currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PR shares. View PR analyst ratings or view top-rated stocks. What is Permian Resources' stock price target for 2024? 14 analysts have issued 1 year target prices for Permian Resources' stock. Their PR share price targets range from $17.00 to $24.00. On average, they anticipate the company's stock price to reach $20.31 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View analysts price targets for PR or view top-rated stocks among Wall Street analysts. How have PR shares performed in 2024? Permian Resources' stock was trading at $13.60 at the start of the year. Since then, PR shares have increased by 10.6% and is now trading at $15.04. View the best growth stocks for 2024 here. When is Permian Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our PR earnings forecast. How were Permian Resources' earnings last quarter? Permian Resources Co. (NASDAQ:PR) issued its quarterly earnings results on Tuesday, May, 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.17 billion. Permian Resources had a trailing twelve-month return on equity of 11.43% and a net margin of 13.90%. How often does Permian Resources pay dividends? What is the dividend yield for Permian Resources? Permian Resources declared a quarterly dividend on Tuesday, May 7th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.06 per share on Wednesday, May 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, May 20th. This is an increase from the stock's previous quarterly dividend of $0.05. Read our dividend analysis for PR. Is Permian Resources a good dividend stock? Permian Resources (NASDAQ:PR) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.60%. The dividend payout ratio is 21.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PR will have a dividend payout ratio of 12.37% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PR. What ETFs hold Permian Resources' stock? ETFs with the largest weight of Permian Resources (NASDAQ:PR) stock in their portfolio include Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Nuveen Small Cap Select ETF (NSCS), Macquarie Energy Transition ETF (PWER), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and Invesco S&P MidCap 400 Pure Growth ETF (RFG). Who are Permian Resources' major shareholders? Permian Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.96%), Riverstone Holdings LLC (5.83%), Bank of New York Mellon Corp (0.98%), Price T Rowe Associates Inc. MD (0.78%), Lord Abbett & CO. LLC (0.73%) and Westfield Capital Management Co. LP (0.59%). Insiders that own company stock include Brent P Jensen, Encap Partners Gp, Llc, Guy M Oliphint, Jeffrey Tepper, John Charles Bell, Matthew R Garrison, Robert John Anderson, Silver Run Sponsor, Llc, William J Quinn, William M Hickey III and Xi Us Holdings LP Ngp. View institutional ownership trends. How do I buy shares of Permian Resources? Shares of PR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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