Roth Capital Predicts Weaker Earnings for Permian Resources

Permian Resources Corporation (NYSE:PR - Free Report) - Equities researchers at Roth Capital cut their FY2026 EPS estimates for Permian Resources in a research note issued to investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now anticipates that the company will post earnings of $0.75 per share for the year, down from their prior forecast of $1.06. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share.

A number of other brokerages have also recently issued reports on PR. Weiss Ratings reissued a "buy (b-)" rating on shares of Permian Resources in a report on Wednesday, October 8th. Wall Street Zen cut Permian Resources from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Scotiabank began coverage on Permian Resources in a report on Friday, September 19th. They set a "sector outperform" rating and a $21.00 price objective for the company. Susquehanna lifted their price objective on Permian Resources from $19.00 to $20.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Finally, Piper Sandler lifted their price target on Permian Resources from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $19.00.

Permian Resources Stock Down 1.8%

PR opened at $12.07 on Friday. The company has a market capitalization of $9.66 billion, a P/E ratio of 7.84 and a beta of 1.32. The firm's fifty day moving average price is $13.38 and its two-hundred day moving average price is $13.21. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.63.

Permian Resources (NYSE:PR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. Permian Resources had a net margin of 22.41% and a return on equity of 10.91%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The business's revenue was down 3.9% compared to the same quarter last year.

Institutional Trading of Permian Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Permian Resources by 114.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company's stock worth $25,000 after purchasing an additional 1,047 shares during the last quarter. Allworth Financial LP raised its holdings in Permian Resources by 376.7% during the 1st quarter. Allworth Financial LP now owns 2,069 shares of the company's stock worth $29,000 after purchasing an additional 1,635 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Permian Resources during the 1st quarter worth about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Permian Resources by 154.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company's stock worth $31,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new stake in Permian Resources during the 1st quarter worth about $36,000. 91.84% of the stock is owned by institutional investors.

Insider Transactions at Permian Resources

In related news, EVP John Charles Bell sold 4,743 shares of Permian Resources stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $14.21, for a total value of $67,398.03. Following the completion of the transaction, the executive vice president directly owned 107,569 shares of the company's stock, valued at $1,528,555.49. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Regan Shannon sold 4,742 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $14.22, for a total value of $67,431.24. Following the sale, the executive vice president directly owned 91,805 shares of the company's stock, valued at $1,305,467.10. This represents a 4.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.44% of the company's stock.

Permian Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Permian Resources's payout ratio is currently 38.96%.

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.

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