Permian Resources Corporation (NYSE:PR - Free Report) - Capital One Financial reduced their Q2 2025 earnings per share estimates for Permian Resources in a research note issued on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.35. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources' FY2025 earnings at $1.50 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.37 EPS and FY2026 earnings at $1.43 EPS.
A number of other research analysts have also recently commented on PR. The Goldman Sachs Group raised their target price on Permian Resources from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered their price objective on Permian Resources from $21.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Piper Sandler lowered their price objective on Permian Resources from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Raymond James Financial reissued a "strong-buy" rating and set a $23.00 price objective (up previously from $20.00) on shares of Permian Resources in a research report on Monday, May 19th. Finally, UBS Group lifted their price target on shares of Permian Resources from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.33.
Check Out Our Latest Stock Analysis on Permian Resources
Permian Resources Stock Down 0.7%
PR traded down $0.11 on Friday, hitting $14.07. The company had a trading volume of 6,542,907 shares, compared to its average volume of 9,731,704. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 0.86. Permian Resources has a 52-week low of $10.01 and a 52-week high of $16.95. The stock has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $13.60. The firm has a market capitalization of $11.30 billion, a P/E ratio of 8.68 and a beta of 1.25.
Permian Resources (NYSE:PR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Permian Resources had a return on equity of 11.96% and a net margin of 22.74%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The company's revenue for the quarter was up 10.7% on a year-over-year basis.
Hedge Funds Weigh In On Permian Resources
A number of hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Permian Resources in the fourth quarter worth $431,676,000. Nuveen LLC purchased a new position in Permian Resources in the 1st quarter worth about $175,525,000. Price T Rowe Associates Inc. MD raised its position in Permian Resources by 60.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,674,171 shares of the company's stock worth $469,856,000 after buying an additional 12,306,854 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Permian Resources by 300.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 5,833,001 shares of the company's stock worth $80,787,000 after buying an additional 4,375,930 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Permian Resources by 55.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,813,363 shares of the company's stock worth $169,864,000 after buying an additional 4,236,141 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
Permian Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.15 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.27%. Permian Resources's payout ratio is currently 37.04%.
Permian Resources Company Profile
(
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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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