Roth Capital Brokers Reduce Earnings Estimates for PR

Permian Resources Co. (NYSE:PR - Free Report) - Roth Capital lowered their Q1 2025 EPS estimates for Permian Resources in a report issued on Monday, April 14th. Roth Capital analyst L. Mariani now expects that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.36. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Roth Capital also issued estimates for Permian Resources' Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.05 EPS.

Other research analysts also recently issued reports about the stock. Williams Trading set a $19.00 price objective on shares of Permian Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Permian Resources from $21.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their target price on shares of Permian Resources from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Piper Sandler dropped their price objective on shares of Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Finally, Susquehanna raised shares of Permian Resources from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $17.00 to $20.00 in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.73.

Permian Resources Price Performance

PR stock traded up $0.37 during mid-day trading on Thursday, hitting $11.99. The stock had a trading volume of 3,286,899 shares, compared to its average volume of 9,213,989. The firm has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $14.10. Permian Resources has a 52 week low of $10.01 and a 52 week high of $17.62. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $9.64 billion, a P/E ratio of 7.27, a P/E/G ratio of 4.05 and a beta of 3.81.

Permian Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.00%. The ex-dividend date was Monday, March 17th. Permian Resources's dividend payout ratio (DPR) is presently 41.96%.

Insiders Place Their Bets

In other news, Director William J. Quinn bought 500,000 shares of Permian Resources stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $13.07 per share, for a total transaction of $6,535,000.00. Following the purchase, the director now directly owns 812,429 shares in the company, valued at approximately $10,618,447.03. This represents a 160.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Regan Shannon sold 2,731 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $14.02, for a total value of $38,288.62. Following the completion of the transaction, the chief accounting officer now owns 58,668 shares in the company, valued at approximately $822,525.36. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,685 shares of company stock worth $135,687. Corporate insiders own 12.80% of the company's stock.

Institutional Trading of Permian Resources

Several hedge funds have recently bought and sold shares of the business. Advisor Resource Council bought a new stake in shares of Permian Resources during the first quarter worth about $770,000. Retirement Systems of Alabama lifted its holdings in shares of Permian Resources by 0.6% in the first quarter. Retirement Systems of Alabama now owns 778,578 shares of the company's stock valued at $10,783,000 after purchasing an additional 4,788 shares in the last quarter. ORG Wealth Partners LLC boosted its position in shares of Permian Resources by 344.0% during the first quarter. ORG Wealth Partners LLC now owns 9,471 shares of the company's stock valued at $131,000 after buying an additional 7,338 shares during the last quarter. State of Alaska Department of Revenue raised its position in Permian Resources by 3.3% in the 1st quarter. State of Alaska Department of Revenue now owns 74,965 shares of the company's stock valued at $1,038,000 after buying an additional 2,410 shares during the last quarter. Finally, Inscription Capital LLC bought a new position in Permian Resources during the 1st quarter valued at $298,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Permian Resources Company Profile

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.