Permian Resources' (PR) Neutral Rating Reaffirmed at Roth Mkm

Key Points

• Roth Mkm reiterated a "neutral" rating on Permian Resources and raised its price target to $22.00 (from $20.00), implying roughly a 3.0% upside from the prior close.
• Consensus among analysts is leaning positive: MarketBeat reports an average rating of "Buy" with an average price target of $21.69, and several firms (Wells Fargo, Zacks, Weiss) have recently issued higher ratings or targets.
• Significant insider selling: the CEO and a director sold large blocks (673,425 and 800,000 shares), and insiders disposed of about 3,130,066 shares worth ~$58.8M in the past 90 days, leaving insiders with 6.44% ownership.

Permian Resources (NYSE:PR - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $22.00 price objective on the stock, up from their previous price objective of $20.00. Roth Mkm's price objective suggests a potential upside of 3.03% from the company's previous close.

PR has been the topic of several other reports. Wells Fargo & Company increased their target price on Permian Resources from $17.00 to $21.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. Zacks Research raised Permian Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 27th. Weiss Ratings raised Permian Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 6th. Bank of America reissued a "neutral" rating and issued a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research report on Friday, January 16th. Finally, Susquehanna cut their price objective on Permian Resources from $20.00 to $18.00 and set a "positive" rating on the stock in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $21.69.

Permian Resources Trading Up 1.1%

Shares of PR opened at $21.35 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.86 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56. The stock's fifty day simple moving average is $18.65 and its 200 day simple moving average is $15.40. Permian Resources has a twelve month low of $10.01 and a twelve month high of $21.99.

Permian Resources (NYSE:PR - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The business's quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts forecast that Permian Resources will post 1.45 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William J. Quinn sold 800,000 shares of Permian Resources stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $19.15, for a total transaction of $15,320,000.00. Following the sale, the director directly owned 7,426,839 shares of the company's stock, valued at approximately $142,223,966.85. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James H. Walter sold 673,425 shares of Permian Resources stock in a transaction dated 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 sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. The trade was a 6.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,130,066 shares of company stock valued at $58,837,655 over the last ninety days. Insiders own 6.44% of the company's stock.

Institutional Trading of Permian Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new stake in shares of Permian Resources during the fourth quarter worth about $774,000. Rockefeller Capital Management L.P. increased its position in shares of Permian Resources by 6.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 24,063 shares of the company's stock worth $338,000 after acquiring an additional 1,498 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Permian Resources by 80.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,764 shares of the company's stock worth $1,133,000 after acquiring an additional 35,905 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of Permian Resources during the fourth quarter worth about $27,000. Finally, Fearnley Asset Management AS purchased a new stake in shares of Permian Resources during the fourth quarter worth about $7,175,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: KeyBanc initiated coverage with an Overweight / Outperform view, citing a "higher-for-longer" WTI outlook that benefits Permian-focused producers and supports stronger free cash flow and capital returns. KeyBanc initiation
• Positive Sentiment: KeyCorp (now covering PR) issued a "Strong-Buy"/Overweight stance and set a $25 price target (~17% above current levels), signaling analyst conviction that shares have room to rally. This coverage and target are often a direct catalyst for demand in mid-cap E&P names. Benzinga coverage note
• Positive Sentiment: KeyCorp's modeling projects materially higher earnings than the current consensus: FY2026 EPS ~ $2.18 and FY2027 EPS ~ $2.28 (with quarterly EPS projections ranging roughly $0.39–$0.63). Those estimates imply stronger cash generation and justify the bullish rating/target; investors often re-rate stocks when sell-side forecasts diverge upward from consensus. (Source aggregated from KeyCorp research disclosures.)
• Neutral Sentiment: Multiple outlets (including Seeking Alpha) summarized the new coverage and the "higher-for-longer" oil-price thesis — useful context for momentum but not a company-specific operational update. Seeking Alpha summary

Permian Resources Company Profile

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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