Permian Resources (NYSE:PR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Reported EPS beat expectations: Permian Resources posted Q earnings of $0.39 per share, beating consensus by $0.01, while revenue was $1.39B (slightly below the $1.41B estimate) and up just 0.9% year‑over‑year.
• Declared a dividend: The company announced a quarterly dividend of $0.16 per share (annualized $0.64) with a yield of 3.2% and an ex‑dividend date of June 16.
• Mixed market signals — analyst upgrades vs. insider selling: Analysts have raised targets and the stock carries a consensus "Buy" with a $22.38 target, while insiders have sold roughly 3.13M shares (~$58.8M) over the past three months, including sales by the CEO and EVP.

Permian Resources (NYSE:PR - Get Free Report) released its earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01, FiscalAI reports. Permian Resources had a return on equity of 10.56% and a net margin of 12.79%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $0.44 EPS. Permian Resources's revenue for the quarter was up .9% on a year-over-year basis.

Permian Resources Trading Down 1.3%

PR traded down $0.27 during midday trading on Friday, reaching $19.82. 8,316,456 shares of the company's stock traded hands, compared to its average volume of 13,131,474. The firm has a fifty day moving average of $20.12 and a two-hundred day moving average of $16.49. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.20 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Permian Resources has a 52 week low of $11.92 and a 52 week high of $22.67.

Permian Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. Permian Resources's dividend payout ratio is presently 51.20%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Permian Resources from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Raymond James Financial reissued a "strong-buy" rating and issued a $21.00 target price on shares of Permian Resources in a research note on Thursday, February 26th. Morgan Stanley reissued an "overweight" rating on shares of Permian Resources in a research note on Friday, March 27th. TD Cowen upped their price target on Permian Resources from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, March 17th. Finally, Citigroup upped their price target on Permian Resources from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, March 31st. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $22.38.

Insider Buying and Selling at Permian Resources

In other news, EVP John Charles Bell sold 158,385 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.39, for a total value of $2,912,700.15. Following the completion of the transaction, the executive vice president owned 1,567,172 shares of the company's stock, valued at approximately $28,820,293.08. This represents a 9.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James H. Walter sold 673,425 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $12,377,551.50. Following the completion of the transaction, the chief executive officer directly owned 9,389,405 shares of the company's stock, valued at $172,577,263.90. This represents a 6.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,130,066 shares of company stock worth $58,837,655 over the last three months. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in shares of Permian Resources in the 4th quarter worth approximately $297,000. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Permian Resources by 56.7% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,344 shares of the company's stock worth $272,000 after acquiring an additional 7,725 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Permian Resources in the 2nd quarter worth approximately $270,000. Oxford Asset Management LLP bought a new position in shares of Permian Resources in the 4th quarter worth approximately $261,000. Finally, NewEdge Advisors LLC raised its position in shares of Permian Resources by 984.4% in the 2nd quarter. NewEdge Advisors LLC now owns 19,020 shares of the company's stock worth $259,000 after acquiring an additional 17,266 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

About Permian Resources

Permian Resources NYSE: PR is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.

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