Permian Resources (NYSE:PR - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Permian Resources to post earnings of $0.44 per share and revenue of $1.37 billion for the quarter.
Permian Resources Stock Up 0.8 %
Shares of NYSE PR traded up $0.10 during midday trading on Friday, hitting $12.20. 8,792,595 shares of the company's stock were exchanged, compared to its average volume of 9,775,905. The firm's fifty day simple moving average is $12.59 and its 200-day simple moving average is $13.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $9.80 billion, a PE ratio of 7.39, a P/E/G ratio of 4.05 and a beta of 3.81. Permian Resources has a twelve month low of $10.01 and a twelve month high of $17.62.
Permian Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 4.92%. Permian Resources's dividend payout ratio is presently 41.96%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on PR shares. Bank of America reduced their price target on shares of Permian Resources from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Piper Sandler decreased their target price on Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Citigroup lowered Permian Resources from a "buy" rating to a "reduce" rating in a research report on Wednesday, March 5th. Morgan Stanley decreased their price objective 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, Truist Financial lifted their target price on shares of Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.67.
Read Our Latest Stock Report on PR
Insider Activity at Permian Resources
In other Permian Resources news, CFO Guy M. Oliphint sold 4,150 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $13.99, for a total transaction of $58,058.50. Following the sale, the chief financial officer now directly owns 130,467 shares in the company, valued at approximately $1,825,233.33. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Quinn purchased 500,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $13.07 per share, with a total value of $6,535,000.00. Following the transaction, the director now owns 812,429 shares of the company's stock, valued at approximately $10,618,447.03. This represents a 160.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 9,685 shares of company stock worth $135,687 over the last three months. 6.44% of the stock is currently owned by corporate insiders.
About Permian Resources
(
Get Free Report)
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.
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